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Wall Street relies on “stock analysts.” These are people who do research on companies and then, no matter what they find, even if the company has burned to the ground, enthusiastically recommend that investors buy the stock. They are just a bunch of cockeyed optimists, those stock analysts. When the Titanic was in its death…
I am off to the Sydney Trading and Investing Expo for the weekend where LB will be presenting something logical and sensible and I will be wondering around embarrassing brokers. So for those of you in Sydney who are either not busy deciding what colour G-String to wear the next Mardi Gras or recovering from…
I have two contenders today for the stupidest regulatory idea of the day and the stupidest quote of the year. The stupidest regulatory idea is undoubtedly allowing hedge funds to advertise to the general public and the far and away club house leader for stupidest quote of the day is from Bob Rice the managing…
That is if it ever reached Australia at a vaguely reasonable price. The pricing of such cars locally is a rip off on a galactic scale – you can feel the colonoscopy (sans lube) going in every time you buy one. The only honest response I have heard from a car dealer regarding their local…
Whilst looking for a replacement for the Maserati I popped into the Lambo dealer next door to have a look. LB could get into them without any problem. I however ended up like the following
At the height of the financial crisis in 2008, a group of famous hedge fund managers was made to stand before Congress like thieves in a stockade and defend their existence to an angry public. The gilded five included George Soros, co-founder of the Quantum Fund; James Simons of Renaissance Technologies; John Paulson of Paulson…
I had thought of doing a year in review table that looked at the returns from various assets but I have always found this sort of thing to be bullshit and the preserve of financial journalists. There is stuff all value in telling people what you can see in your rear view mirror. The major…
If you are trading Asian markets you really need to keep an eye on the Shanghai Comp. If the Shanghai Comp isn’t happy then the rest of Asia isn’t happy.
Anderson Silva has rightly been regarded as the preeminent MMA fighter of his generation. Unbeaten in seven years it was thought he would make short work of his latest challenger. As is his style Silvan arrogantly bobbed, weaved and taunted his opponent to hit him…and his opponent obliged him. There are times when you can…
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