One of the reasons I hate politicians and their associated minions is not that they are lying, cheating, self serving pieces of shit but rather that they offend one of my prime sensibilities. In my world the thing that has always mattered the most is data – anyone who resorts to narrative to push a…
The problem is not so much that there is a Nobel prize in economics, but that there are no equivalent prizes in psychology, sociology, anthropology. Economics, this seems to say, is not a social science but an exact one, like physics or chemistry – a distinction that not only encourages hubris among economists but also…
I spotted this piece whilst travelling and wasn’t really going to comment as I thought it was just another attempt to defend an industry that is largely indefensible by way of its incompetence and lack of morality. the piece itself is merely a sides dig at robo advising. For those who are unfamiliar with the subject…
I have always found conferences interesting. They tend to be on a spectrum from tremendously useful where new findings are revealed and debated to self congratulatory wankfests to sideshows that display a marked disconnect between reality and fantasy. Trading conferences tend to fall into the last category and unfortunately IFTA in Tokyo was no exception.…
They say that travel broadens the mind and for the most part I agree with this sentiment but for a simple caveat. It only does so for those who are sufficiently self aware to remove themselves from the strictures of their own culture and the emotional and psychological baggage that it entails. If you remain…
Direct from Singapore, where it is either hot and dry or hot and wet. On September 11, Spruce Alpha, a small hedge fund which is part of a bigger investment group, sent a short report to investors. The letter said that the $80 million fund had lost 48% in a month, according the performance report seen by Business Insider. There was no commentary…
What if the rich get richer because they know how to invest their money more effectively? New research shows that this may be a factor behind the rise in inequality. Different investors have different levels of sophistication. Why? It might come from varying levels of education. For example, I know what diversification is, and why…
