LATEST BLOGS

The Miracle Of China

Markets are good at telling you what the real story is. Watching price is not like listening to someone tell a story since people place their own filters on the information they receive and then filter it again for public consumption. People tell themselves what they want to hear and what they think will be…

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Harvey Norman And The Real World

I was having tea and toast this morning when I spied this quote from Gerry Harvey…… HARVEY Norman executive chairman Gerry Harvey says industry conditions remain dire and he expects more retailers will go bust next year after the Christmas sales are over. ”There are more retailers currently under pressure than I’ve ever seen ……

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The Magic Of Magical Thinking…

By mistake I caught an item on the news about the ongoing battle of immunisation which to me seems to be a war being fought by people with a deep understanding of risk and the immunological basis of vaccination and idiots. This graphic sums up the later group. Source – This is Indexed   This…

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Still Think You Can Beat The Market?

One of the most maligned ideas in economics is the efficient market hypothesis, perhaps because what is actually a rather technical statement about financial market returns is conflated with some entirely different claim about the superiority of free markets over government dirigisme. The EMH has various forms, but in brief its message is very simple:…

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Ten Minutes With Tate – The Past Is Not The Future

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