With the Yanks taking a leaf out of the Robert Mugabe school of economics and demonstrating an inability to master simple household economics I found this neat little graphic regarding each countries rating. Although given the quality of ratings agencies I am not certain I would place too much faith in it. From ReutersDetails
… Until recently, most studies just broke out the top 1% as a group. Data on net worth distributions within the top 1% indicate that one enters the top 0.5% with about $1.8M, the top 0.25% with $3.1M, the top 0.10% with $5.5M and the top 0.01% with $24.4M. Wealth distribution is highly skewed towards…Details
As they say one swallow does not make a spring.
Probably the best presso I have seen on both risk and the lunacy of those brain dead peanuts who bang on about vaccination.
As the Yanks continue to argue as to how they are going to pay the rent I thought it was time to update my VIX/Dow comparison. The markets seem a little bit skitterish but they are not yet at the levels seen during other crisis events. I have posted both a weekly and daily chart…Details
Interesting piece on the evolution of overconfidence Confidence is an essential ingredient of success in a wide range of domains ranging from job performance and mental health, to sports, business, and combat. Some authors have suggested that not just confidence but overconfidence-believing you are better than you are in reality-is advantageous because it serves to…Details
Scroll down and read the comments.
Hedge funds have become a hot topic over the past decade or so, as the number of funds has grown seemingly exponentially along with the increased media attention they’ve received. While most people have a basic understanding of what they are, many investors are not familiar with the underlying types of hedge funds and their…Details