That Equation Made Me Do It
I have written before about how those with the moral of a pox ridden alley cat had tried to blame the Black and Scholes equation for the GFC This very clever little graphic puts that notion to bed. Source – Quant
DetailsMoney Power And Wall Street
The Yanks do some things well – this sort of PBS doco is one of them PS My first attempt to load it in Chrome didn’t go so well – I had better luck with Firefox.
DetailsFor Geeks Only
I noticed this in the footnotes of this article – The Crisis of Big Science In his recent book, The Infinity Puzzle (Basic Books, 2011), Frank Close points out that a mistake of mine was in part responsible for the term “Higgs boson.” In my 1967 paper on the unification of weak and electromagnetic forces, I…
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Apple makes up more than 4% of the S&P500 and more than 18% of the Nasdaq 100
Predicting the Improbable
Excellent paper by VoxEU.org on behaviour around what are considered improbable events. Predicting the improbable Claus Bjørn Jørgensen Sigrid Suetens Jean-Robert Tyran 22 April 2011 Japan’s trio of tsunami, earthquake, and nuclear disaster has left the world stunned. As this column points out, even the experts were shocked. But while these events were highly unlikely,…
DetailsHow do you spell BUBBLE
Anyone who has been to Vancouver will attest to the fact that it is a magnificent city – one of the few places where you can go sailing in the morning and skiing in the afternoon. In recent years it has been in the grip of a ferocious property bubble that puts the ones seen…
DetailsGold
The markets section of the WSJ is currently running a piece titled the World is Bitten by the Gold Bug. “Gold continued its upward march in a time of global financial tumult, closing above $1,500 an ounce Thursday for the first time as investors seek safe haven in the metal. In a remarkable performance for…
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