Excellent article by Barry Ritzholtz that was published in the Washington Post regarding the end of the work or the lack thereof. If you are reading this, the previously scheduled end of the world did not occur. Perhaps the date was wrong — next Saturday night? 1994? October? No matter. Despite millennia of Armageddon forecasts,…Details
For those who have been following Matt Taibbi’s public excoriation of Goldman Sachs he gives Andrew Ross Sorkin a kick in the nards for his somewhat dribbling defence of Goldmans.
The Yanks seem ever so fond of these weird ways of measuring things. The past masters of this seem to be ever so neatly named chart of the day. I suppose pointless chart of the day is too long to stick in a url.Next week I will bring you the weight of my car measured…Details
The current bubble in social media companies is fascinating to watch and has all the hallmarks of every bubble since the Dutch Tulip boom. I have had a voyeuristic interest in Groupon for some time. I have a mate whose extended family is involved in a similar venture domestically – which has proved to be…Details
Market efficiency, anticipation and the formation of bubbles-crashes A dynamical model is introduced for the formation of a bullish or bearish trends driving an asset price in a given market. Initially, each agent decides to buy or sell according to its personal opinion, which results from the combination of its own private information, the public…Details
Excellent little piece by Kent Thune – The Investment Philosopher I believe philosophers can be the best investors and that comedians can be the best philosophers. Therefore one may logically deduce that comedians can make the best investors. Look no further than the philosophy of the late and great George Carlin to prove my point:…Details
I have been chatting with another trader regarding the USD and they sent me this article from The Economist which screams loudly – Read this speech, then sell the dollar Well I didnt read the article for several reasons. 1. I couldnt be stuffed. 2. I dont think I would understand it – the dismal…Details
Piece from Science Week about how very simple decision making processes are trumping very complex financial machinations. My favourite part – Given a portfolio of the same 50 stocks, an investor would need to wait 500 years before Markowitz’s Nobel-winning formula yielded superior returns to 1/N, the researchers estimated.Details