From the you think trading is hard file…… Seventy years ago this week, on July 30, 1945, the heavy cruiser U.S.S.Indianapolis was sunk by two torpedoes fired by a Japanese submarine in the south Pacific. So began a five-day ordeal of thirst, hypothermia, salt-water poisoning, hallucination, drowning, and dismemberment in shark-infested waters. Out of a crew…
Next week I will be away at the AIA Conference on the Gold Coast – the bogan and inappropriate tattoo capital of Australia, so communication may be a bit spotty. I will be doing my best to offend people, something I seem to have a knack for.
A recent email exchange with someone who manages money professionally has lead to me to repost this piece I wrote some time ago. During the exchange I couldn’t convince them that not losing money was more important than trying to make it. It has always intrigued me how hard it is to get this point across to…
Science journalist Anil Ananthaswamy thinks a lot about “self” — not necessarily himself, but the role the brain plays in our notions of self and existence. In his new book, The Man Who Wasn’t There, Ananthaswamy examines the ways people think of themselves and how those perceptions can be distorted by brain conditions, such as…
Apparently, the long winded title above is from a study that says that when text and walk you have a tendency to bang into thing – no shit Sherlock. It should also mention that you give the rest of us the shits when you bang into us.
Investors trading stocks with assistance of financial advisers are more diversified and overcome some common pitfalls, a new working paper from European researchers found. But they are worse off overall than investors who trade independently, because their stock purchases underperform, the study says. The findings suggest advisers “do not help investors make superior stock purchases,”…
With all the chatter about ETF’s I thought I would generate a dodgy collection of ETF’s and then look at their current market capitalisation. When I started the exercise I was interested to see where the liquidity risk might lie within the spectrum of the ETF’s I was looking at. When looking at an instrument…
The next time you sit down to read the business section of the paper or watch one of the business shows consider this – “The more people believed they knew about finances in general, the more likely they were to overclaim knowledge of the fictitious financial terms. The same pattern emerged for other domains, including…
This is a rare feel-good story about financial literacy. In 1996, John Rogers, head of $11 billion Ariel Investments, helped start an elementary school focused on financial education in a low-income neighborhood on the South Side of Chicago. Each class gets a portfolio and buys and sells its own stocks. Students get a portion of…
Let’s agree right off the bat that $25 million is a lot of money. Sure, to paraphrase Chris Rock (NSFW), if Bill Gates woke up tomorrow with a net worth of $25 million, he’d jump out a window. But to the vast majority of us, it’s a huge sum, more than enough to make some dreams come…
Just when you think something interesting might be about to happen. Although, in the short term it is hard to see any dramatic break to the upside when the number of shares doing the heavy lifting seems to be tapering off.
Whenever I wonder why things dont work all that well in Australia, or I look at Asia and see some of the stunning progress that is being made by countries that lack all of our natural advantages. I am reminded that young people who do things such as winning a Gold Medal at the International Maths…
ROCHESTER, MN—In an effort to help working individuals improve their fitness and well-being, experts at the Mayo Clinic issued a new set of health guidelines Thursday recommending that Americans stand up at their desk, leave their office, and never return. “Many Americans spend a minimum of eight hours per day sitting in an office, but…
