….English philosopher George Henry Lewes once observed that “genius is rarely able to give an account of its own processes.” This seems to have been true of Shannon, who could neither explain himself to others, nor cared to. In his work life, he preferred solitude and kept his professional associations to a minimum. Robert Fano, a later collaborator…
I do hold a more than passing fascination with the idea of Sovereign Wealth Funds – I find the idea of a nation being a custodian of the wealth of the nation to be intriguing. I am also interested ( read fucken appalled) in how badly managed our resources are. For example in 2021 it…
Every quarter JP Morgan Chase put out what they call a Guide to the Markets. The report itself is largely noise and is the sort of thing that research departments like to show to clients in an attempt to convince them that they are more than the sum of their convictions and misdemeanours. Generally I…
Decades ago, while Philip H. Lieberman was soaking in a bathtub and listening to the radio, he heard anthropologist Loren Eiseley ponder an evolutionary puzzle: Why couldn’t monkeys talk? Like us, they’re social primates, intelligent and certainly not quiet. Rhesus macaques grunt, coo, screech and scream. Infant macaques make sounds known as geckers. Despite the grunting and geckering, though, no other…
….Huh’s math career began with much less acclaim. A bad score on an elementary school test convinced him that he was not very good at math. As a teenager he dreamed of becoming a poet. He didn’t major in math, and when he finally applied to graduate school, he was rejected by every university save…
I have reflected on the post I wrote last week about the great superannuation rip off in which I compared the returns from investing in an average growth fund with those derived from investing in the index. It struck me over the weekend that the majority of fund managers (read almost all ) are followers…
I’ve asked Michael Yardney to write a special guest column today. Michael has been a friend of mine for many years and is our ‘go to’ guy when it comes to property. I’m sure you’ll find his insights powerful. Now… over to Michael. There are, broadly speaking, two ways to see the world and these…
You will note somewhat sadly that not one of them is located locally…. More here – MIT Technology Review
You don’t have to wait long to see a headline proclaiming that some food or behaviour is associated with either an increased or a decreased health risk, or often both. How can it be that seemingly rigorous scientific studies can produce opposite conclusions? Nowadays, researchers can access a wealth of software packages that can readily analyse…
It is at this time of the year when superannuation funds crow about how good they have done and of their inestimable benefit to mankind in general and this year was no exception. So as is my now annual tradition I thought I would have a look at how good they have done and compare…
My contingent shorts were hit last night so I have to disclose that I am currently short silver. It will be interesting to see how these silver stocks fare during the day ahead.
In my junk folder I have for the past upteen decades been getting random charts by a group called Chart of the Day. Surprisingly, I dont get them everyday – so the implication that you get a chart everyday that is interesting is perhaps a little bit of an oversell. This morning I go the…
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