Apollo 17 In Real Time
This is beyond brilliant…..go back to a time when humans actually did something amazing. Click here
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The Coming Extinction of the Video Store Clerk
A profound failure of an industry to adapt – click the image below for the full story. For a good look at the role adaption plays in corporate life I would recommend Tim Harfords book Adapt. More here – The Wall Street Journal
The 3 Biggest Obstacles to Becoming Financially Free – Michal Yardney
Last weekend at a private client function I was conducting I had the good fortune to have conversations with a number of our Wealth Retreat graduates. I was talking with them about their experiences since attending our 5 day workshop, what they had learned, what they were doing differently and how they were leveraging the…
The Tide Turns
FOR decades looking after other people’s money has been a lucrative business. Profit margins in the asset-management industry were 39% in 2014, according to BCG, a consultancy, compared with 8% in consumer goods and 20% in pharmaceuticals. The industry’s global profits in 2014 were an estimated $102 billion, allowing firms to pay those picking stocks…
Hedge Fund Returns
I thought I would update this. It combines data from the Barclays Hedge Fund Index and available total yearly returns for the S&P500
Valeant Pharmaceuticals
The ongoing saga of Valeant and its capacity to make dickheads out of apparently the hedge fund industries best and brightest intrigues me because it displays the power of the narrative over rational decision making. Consider that hedge fund managers are the highest paid individuals in the world and for their multi billion dollar salaries…
A 99-Year-Old Wall Street Veteran Reveals the Secrets of Her Success
Not my philosophy but remarkable longevity in an industry where most are transient and leave after a few years if they have not made it big. As she nears 100, Irene Bergman has some advice for enjoying a long career on Wall Street: Don’t do anything stupid. Consider investment returns, the financial adviser at Stralem…
MY TOP INSIGHTS INTO ACCELERATED WEALTH CREATION – Michael Yardney
Today I wanted to share my top wealth creating insights from our premier property training event – our 5 day Wealth Retreat. You see…property money As I start preparing the curriculum for this year’s event that will be held on the Gold Coast at the end of May, I’ve been reviewing my notes from last…
Hedge fund closures return to crisis highs
Here is my idea for running a hedge fund – open the fund- take everyone’s money – buy an index ETF and then bugger off. I will be hailed a genius because I will trounce 99.9% of all other hedge fund managers. More hedge funds closed their doors in 2015 than at any time since…
Where The Wealthy Keep Their Money
What surprised me was how little space real estate occupies.
Be Careful What You Wish For
There is an old saying that goes along the lines of be careful what you wish for, it might come true. From my recent conversations with traders it seems as if this philosophy has started to creep into their psych. The local market seems to have stabilized and commodity prices seem to be moving in…
On the reception and detection of pseudo-profound bullshit
Although bullshit is common in everyday life and has attracted attention from philosophers, its reception (critical or ingenuous) has not, to our knowledge, been subject to empirical investigation. Here we focus on pseudo-profound bullshit, which consists of seemingly impressive assertions that are presented as true and meaningful but are actually vacuous. We presented participants with…
The Flaw Of Averages
In the late 1940s, the United States air force had a serious problem: its pilots could not keep control of their planes. Although this was the dawn of jet-powered aviation and the planes were faster and more complicated to fly, the problems were so frequent and involved so many different aircraft that the air force…
THE LONGEST RUNNING REPEAT-FOR-FREE TRADING MENTOR PROGRAM IN THE WORLD
Want to be an exceptional trader? Learn from the best. Chris and Louise have found the way to take the guesswork out of share trading.They can teach you how to do this too!
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