Nicole O one of our new mentorees dropped this onto the forum yesterday – it is worth a read since its application is universal irrespective of what change you are trying to make. Are The People Around You Killing Your Ambition? Have you ever shared your desire to transform your life through renovating and been…
I have to admit that the interior has improved. When I first looked at them they had an interior that appeared to be straight out of a Ford Modeo shitbox.
According to the Sydney Morning Herald there has been an exodus of funds from large superannuation funds into self managed funds. The number of people with DIY super funds has grown by more than 30 per cent during the past five years to more than 1 million, collectively worth, in December last year, a whopping $568 billion.…
I posted the following graphic in the Charts of Interest. However, I feel it deserves a more expanded examination. In the years following the GFC the domestic market has lagged markedly behind other world markets. The shock of the GFC has had a profound impact upon the psyche of investors – that combined with a rampant…
Helena Matute, a psychologist at Deusto University in Bilbao, Spain, and her colleagues enlisted 147 college students to take part in a computer-based task in which they each played a doctor who specializes in a fictitious rare disease and assessed whether new medications could cure it. In phase one of the study, the student volunteers…
I snipped the graphic below from Bespoke the folks who produce countless and mostly points charts on the market. It compares the percentage change in the S&P500 to date with the first six months of 2014. The chart above attempts to draw a comparison between the initial portion of this year and the same period last…
I am a history buff – the thing that fascinates me about history is that you can see the same patterns of behaviour repeated on a macro and micro scale over and over again. As an example I ran into a past member of our mentor program sometime ago at the opera and we had…
He never made real investments with funds, instead using the money for personal use, authorities said. To keep his companies going, he issued false earnings statements. “By pretending to be a successful hedge-fund manager, Malik conned investors into bankrolling his lavish lifestyle,” Andrew M. Calamari, director of the SEC’s New York Regional Office, said at…
As someone who comes from a data driven background one of the things that has always intrigued me about financial markets is that despite being a wellspring of raw data it is driven by narratives. Humans do seem to prefer stories over data – in effect we are a hairless ape that prefers stories to…
After a thirty-year study of time diaries, two sociologists found that Americans were actually working fewer hours than we did in the 1960s, but we feel as if we’re working more. We have the sense, too often, of running at top speed and never being able to catch up. […] We’ve lost our Sundays, our…
Forex Magnates have done an excellent job collating the losses incurred by various firms during the recent upheaval in the CHF
There is an excellent piece by Fairfax media doing the rounds this weekend that looks at the problems Macquarie Bank seems to have complying with the law and the difficulties its financial planning division has in acting honestly. The thrust of the story is that Macquarie has been the subject of an enforceable undertaking due to…
