One of the more perplexing things to me is how idiocy survives through the ages. Granted, a strict Darwinian approach doesn’t work because their stupidity is not on the same level of poking a Sabre Tooth tiger before the age of puberty. Which is a pity because my guess is a grumpy cat weighing 200…
In June, his blog post about the financial repression of the Chinese banking system had New York Times columnist and Nobel Prize-winning economist Paul Krugman warning about a lurking time bomb as savers pull their money from the banking system. “The trade over the past two years has been to be short China and go long…
From Science-Based Life Creationism, or the set of beliefs claiming that the universe, Earth, and all of its inhabitants were created by a deity less than 10,000 years ago (the “young earth” variety), is scientifically untenable. We have no evidence to suggest that the Earth is so young, or that organisms have persisted in their…
I got bounced this article by Michael Pascoe for comment. To save you reading it the gist is this. People who have been making predictions about the death of China seemed to have cocked it up. I am not certain what we are surprised about, the fact that people making predictions cock it up or…
It’s good to be a successful alternative investments manager, as demonstrated by the generous sprinkling of their names in this year’s Forbes 400 ranking of the richest Americans. But it may be even better to be a retired (or semi-retired) alternative investments manager. The top two hedge-fund names on Forbes’ annual list have both stopped…
Apparently this is how a brawl at the baseball in Korea goes…..can someone tell me WTF is going on….
I cited a piece on CEO pay here. This piece lead me to look at what local CEO’s are paid and conveniently the Australian Council of Superannuation Investors produced the table below. I reordered the data a little to simply show their 2011 Realised Pay to which I added the one and five year…
Over the past few weeks I have noticed something interesting. A number of people I know are cancelling their subscriptions to various data and information feed as well as a few information related forums I know of. Their rationale is that they have grown tired of waiting for the market. If I didnt know better…
Surprise, surprise…the more they get paid the more damage they do to shareholders. Abstract: In this paper we examine the agency costs of seemingly excessive pay awards to CEO’s within the FTSE 100 in the last decade. Are CEOs taking a large proportion of the total pot (a big “pay slice”) more, or less, able…
I always find it interesting that as markets move quickly that more and more people tell me reasons why they shouldn’t be moving and why they are quitting the market.
