EOFY Dodgy Excel Time
With the EOFY it was time to fire up excel and play with some stock returns. I took the S&P/ASX 50 and decided to see how each stock had fared during the year, this gave me the table below which I have sorted on the basis of highest to lowest. In terms of observations about…
Culturally Constructed Ignorance Wins the Day
I spend much of my time shrugging off breathless news events. Ebola (now Zika), employment reports, Federal Reserve rate changes, government shutdowns, peak earnings and so on. Much of what passes for earth-shaking news turns out to be, with the benefit of hindsight, something in between idle gossip and fear-mongering. The genuine, not well-anticipated, actual…
Of Pounds And Poundage
Just an interesting little bit of context regarding the pound which seems to be undergoing it usual once a decade mid life crisis. As you can see from the chart below the drop last week is in many instances just an acceleration in an existing long term downtrend.
My Adventure With Telstra
I like the rest of Australia share a hate-hate relationship with TLS. They are a bumbling, incompetent bunch of dicks that we are stuck with courtesy of successive bumbling incompetent governments who have had their heads firmly rooted up their arses when it comes to communications policy. Where else in the world would you have…
The Trade of the Century: When George Soros Broke the British Pound
Seems an appropriate time to revisit this. When this was occurring I was sitting in an airport lounge somewhere trying to make the best of what past for mobile communication in those days. In 1992, George Soros brought the Bank of England to its knees. In the process, he pocketed over a billion dollars. Making…
Do Experts Know Anything?…..Probably Not…
This has been a terrible day for experts. Economic professionals were overwhelmingly of the opinion that leaving the European Union would hurt the United Kingdom. And until a few hours ago, the consensus of public opinion experts — at least if one uses prediction markets as a proxy — was that voters would in the end…
S&P500 Still Stuck
Despite a good showing last night the S&P500 is still stuck in an extended sideways move.
Led Zeppelin Wins ‘Stairway to Heaven’ Jury Trial
Led Zeppelin has beaten a lawsuit claiming that the iconic guitar riff in “Stairway to Heaven” was copied from Spirit’s 1968 instrumental “Taurus.” On Thursday, after a week’s worth of testimony and arguments, the jury came back with its verdict in a case that’s been decades in the making. At trial, Led Zeppelin members Jimmy…
Clients And Operators
So I am sitting with my feet on the desk contemplating visiting the girl who buys clothes for me at David Jones at lunchtime, my visits down to DJ’s were always full of little surprises. Before I could drag my arse out of my chair my phone rings. This time it is actually one of…
