Japan 1989

I am not one for historical comparisons because they are largely specious and mostly irrelvant but this one gives a nice bit of history that I lived through so consider it a nostalgia piece. ……The Nikkei stock index rose more than 900% in the 15 years before it finally topped. It was a frenzy powered…

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Surplus to requirements

One of the best things about heading away for a few days is not necessarily the break from Melbourne’s winter  but rather the enforced break from trading. Whilst technology now gives us the ability to trade from anywhere there is a stable internet connection I tend to switch off when on holidays and drop into cant…

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I am somewhere over the Pacific reflecting upon my time in Fiji. I am not an easy traveller – I don’t move from country to country with the ease and grace that many do. Mine is not the liquid carefree transnational border hopping where people just set off for a new destination without a care…

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Bulls, Bears & Charlatans

The word ‘charlatan’ is supposedly derived from the Italian word ciarlare, which means ‘to babble.’ Some of the original charlatans were confidence men who would prey upon people’s misunderstandings about healthcare before modern medicine existed. There used to be traveling medicine shows where the salesperson would make promises of magic elixirs that would heal all wounds. It…

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Habits vs Goals

“First forget inspiration. Habit is more dependable. Habit will sustain you whether you’re inspired or not. Habit is persistence in practice.” — Octavia Butler More here – Farnham Street

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The Reality of Statistics

I snipped this table from Business Insider – it shows the likelihood of various sorts of maladies befalling the average American. Apart from the appalling statistic for gun violence my guess is that it is roughly transferable to Australia. It highlights the profound disconnect between true risk as expressed as a number that is harsh…

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Investor Sentiment….Who Cares….

This is a chart of investor sentiment as produced by the American Association of Individual Investors. Each week the association polls its members with the question where do you feel the stockmarket will be in the next six months. The results are tallied to give a percentage bullish, bearish or undecided. These sorts of metrics…

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A Short Lesson In Compounding

A conversation arose recently regarding the idea of taking funds out of your trading account as a mechanism of providing yourself with a buffer. I have to state at the outset that I am diametrically opposed to taking funds out of a trading account except in the direst of circumstances. The reason for this is…

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Where are all the space hotels?

JUNE 1, 2017 —If all had gone according to plan, the James Webb Space Telescope (JWST) would be celebrating its 10th anniversary of capturing stunning portraits of distant galaxies, NASA would be hard at work on its dark energy detector, Virgin Galactic would be running two daily tourist flights to the edge of space for just $50,000…

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