Booko

I have whinged before about the cost of books and DVDs in Australia. The predominant business model for retailers of such wares has been based upon the concept of ripping people off for as much as possible. Fortunately, as the long overdue demise of both Borders and Angus and Robertson has shown consumers are becoming…

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Fund Managers

If ever you have wondered why fund managers are so universally ordinary at their jobs – other than clinging to outmoded ideas such as the EMH and associated rationality concepts this might give you an idea. Do Fund Managers Identify and Share Profitable Ideas? Abstract We study data from an organization in which fund managers…

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The life of a scientist.

Whilst this article pertains to the situation in the US you can apply it locally. Just throw in a total lack of funding, ferocious brain drain a political landscape dominated by lawyers  who don’t have the intellectual capacity to understand 99% of science and engineering do and you have the situation in Australia. The Real…

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What to do?

We have recently started a new mentor program and the new crew are quietly beavering away at their tasks. During this process the question was raised of what to do when you you have a position where price gaps beyond your stop. The stop in this instance was not automated so no immediate action was…

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Surprising fact of the day

Following the complete and utter implosion of the Irish economy – Some 300,000 new dwellings now stand empty in the Irish Republic, a number whose equivalent in the United States would be approximately 21 million. Unemployment is now 13 percent in Ireland; it would be higher if 5 percent of the working-age population (principally the…

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