LANCE ARMSTRONG IN PURGATORY: THE AFTER-LIFE
If you ever needed any convincing that Lance Armstrong was a sociopath and would have been well suited to working on Wall Street then check out this feature on him.
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The Aggregation of Marginal Gains
I came across this chart in this article about how British cycling coach Dave Brailsford turned British cycling into a world powerhouse dominating the last Olympics and producing the last two Tour De France winners. Brailsford set about his task but generating tiny almost imperceptible gains over long period of time . The chart below gives…
Lefsetz: The Tiers
This is from the wonderful Lefsetz Letter that everyone should be subscribed to. Pay particular attention to the paragraph I have highlighted STADIUM ACTS Are not bitching about what everybody else is. Money is not their issue. Everybody wants to be in business with them. The transition in the business is evidenced by the fact…
Money versus Wealth
If you want to create wealth, it will help to understand what it is. Wealth is not the same thing as money. Wealth is as old as human history. Far older, in fact; ants have wealth. Money is a comparatively recent invention. Wealth is the fundamental thing. Wealth is stuff we want: food, clothes, houses,…
RBA and other Genuises
The recent pronouncement by Glenn Stevens the head of the RBA that the AUD was way too high and that real estate was stuffed piqued my interest the RBA’s ability to forecast. In doing a bit of research I came a across a document by the Treasury that sought to access the forecasts and methodology…
Dow 17,000 and an idiot magnet
I dont really need to say much about this. And to put the strength of the US market into context this is the S&P500 monthly. However, there is always some idiot who thinks they know better than the market. Remember my view – the market is simply a voting machine, it votes on which…
What I do for a living to afford a Lamborghini
Different messenger – same message, get off your arse, be responsible. All the things people don’t want to hear.
Predictions From The RBA
Whilst puddling around today I heard on the radio that Glenn Stevens the head of the RBA had issued a dire warning for just about everything. I have to admit I wasn’t paying attention because this is the same group that has predicted 17 of our past 3 recessions but I decided to look up…
Buy NAB
I recently received an email from someone who should have known better because attached to the email was a brokers report. The report told me I should buy NAB because it had under performed its counterparts. So not being one to take anything a broker says at face value I decided to check for myself.…
That’s So Random: Why We Persist in Seeing Streaks
This piece coincides nicely with a book I have just finished reading called The Importability Principle by David J Hand which disappointingly is actually quite dull. Although it does do a good job of explaining the inevitability of single people winning lotteries multiple times. Get enough people doing the same thing for long enough and…
I Am A Winner
I have gotten a few of these in the past few days – they seem to be slipping through the old spam filter. Clearly as a business idea this sort of thing works, otherwise they wouldn’t do it.
Why not even exercise will undo the harm of sitting all day
A large review recently published in The Journal of the National Cancer Institute confirms what we’ve been hearing for years: Sitting can be fatal. It’s been linked to cancer, diabetes, and cardiovascular disease. In this latest meta-analysis, Daniela Schmid and Michael F. Leitzmann of the University of Regensburg in Germany analyzed 43 observational studies, amounting to more than 4 million people’s answers to questions…
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