I was having a catch-up with my good mate and uber cool pad holder Jarrod yesterday. Our conversations tend to range far and wide, yesterday was everything from was The Odyssey by Homer which we agreed was the first modern novel to whether the film clip for Taylor Swifts Blank Space is actually a reflective exploration…
I am an old school sort of guy and this is reflected in the way I approach markets. This approach came about in part because of personality but in part because of the limitations of technology. When I became interested in price action as means by which to generate trading signals the PC was in…
Terry Jones presents Boom Bust Boom. The result of a meeting between writer, director, historian and Python Terry Jones and economics professor and entrepreneur Theo Kocken. Co-written by Jones and Kocken and featuring John Cusack, Nobel Prize winners Daniel Kahneman, Robert J Shiller and Paul Krugman, the film is part of a global movement to…
It seems that criminals and dishonesty are the theme of the week. The things you find on the internet. Abstract: Is there any return to education in criminal activities? This paper is one of the first to investigate whether education has not only a positive impact on legitimate, but also on illegitimate activities. We use…
I was do a bit of additional reading on the article I posted the other day regarding the seemingly robust secondary market for brokers who had been involved in some form of malfeasance when I came across this excellent analysis of the article by Michael Kitcess. The entire piece is well worth reading. The analysis includes…
LB showed me an email she received the other day that contained a chart of the All Ords purporting to show that the markets long term support had held. The only problem with this chart was that it had more lines on it than the ancient carvings at Nazca. This is the default setting of…
Mmmmmm….not certain, I know lots of grumpy pricks who are successful. Have a read and see what you think.
But how should you go about finding a direction? How to settle on a purpose that fits your current life stage? One technique turns out to be immensely valuable – and yet most people ignore it. If you are searching for a direction or purpose, interview your future self. There are in fact a host…
I have copied the abstract of this paper below. In a nutshell it says that financial misconduct of advisors does have a cost. However, the cost is not as severe as you think since advisors are able to find employment at other firms after being disciplined. The downside of this for the consumer is that sooner…
I am calling bullshit on this one – it is presented as a hero’s tale of one man standing firm with his opinion against the might of hedge funds. For those who have not followed the story Valeant is a Canadian based pharmaceutical company with a twin business strategy of charging exorbitant prices for essential…
Science and medicine have done a lot for the world. Diseases have been eradicated, rockets have been sent to the moon, and convincing, causal explanations have been given for a whole range of formerly inscrutable phenomena. Notwithstanding recent concerns about sloppy research, small sample sizes, and challenges in replicating major findings—concerns I share and which I…
