I have been pondering the return to the bad old days of financial planning as advocated by the big banks and in my discussions with people they find it hard to grasp the impact of fees upon investment returns. I think this is due to a basic innumeracy among people and I believe this is…
Great News for Traders wanting to cut through their trading problems like a hot knife through butter. Well it may not suck completely. Are you a Market Wizard already? C’mon… You know in your gut that you can do better. It’s like an itch that just won’t go away… a yearning… a deep-seated determination to excel.…
One of his first jobs was a two-year stint as the chief steward aboard the yacht of a sheik—basically, a butler at sea. The sheik wasn’t on his boat all that often, but when he did set sail, he liked to take the vessel “whoring,” as Bentley puts it. “The girls would all line up…
One of the best wealth transference scams ever invented continues. The same thing can be said for the domestic funds management industry – particularly where superannuation is concerned. Recent changes to remove the best interest provision will see investors even worse off courtesy of a return to the bad old days of belting people…
This is actually quite interesting. Tuesday The working week almost always commences on a Tuesday, when I’m generally in the office by 8.00am.(Editor’s note: This ‘office’ is in fact larger than most houses. It is a lavish three bedroom, two bathroom, $1 million-plus penthouse with rooftop entertaining area and pool.) Tuesdays are largely set aside…
Well we are only five months into the year and I think I have found the winner of this years most useless piece of financial journalism. The clubhouse leader is Nicole Goodkind of Yahoo finance whose article Secrets of the worlds sexiest CEO is probably one of the most demeaning and childish pieces I have encountered…
One of the joys of keeping odd hours is that you hear all sorts of things that make you go WTF. So I was not surprised to hear in the wee small hours someone extolling the virtues of FX. Their basic pitch was FX is the most volatile market in the world .Therefore, this translates…
This is from the fabulous Lefsestz Letter which about much more than music. AMATEURS Have tons of ideas, are excited about all of them and see none to fruition. PROFESSIONALS Have tons of ideas, pick one and do their best to make it happen. AMATEURS Think they can do everything. PROFESSIONALS Know it’s almost impossible…
I have to admit I have gone off Ted talks of late after being convinced that they are little more than an intellectual wankfest that attempts to offer simple solutions to very complex problems all dressed up in a nice little Powerpoint presentation. However, I am a fan of David Epstein particularly after reading his…
Walking is a luxury in the West. Very few people, particularly in cities, are obliged to do much of it at all. Cars, bicycles, buses, trams, and trains all beckon. Instead, walking for any distance is usually a planned leisure activity. Or a health aid. Something to help people lose weight. Or keep their fitness.…
This is somewhat of a weird tale. The other day whilst cooking dinner I was channel surfing and in racing through one of the channels I noticed a face that I knew from the past. Staring back at me as a contestant on a game show was a bloke I used to know – naturally…
