I know I should not be amazed at the limited grasp of market reality that afflicts both financial journalists and fund managers but this one is a corker. Five-year bull run continues “Given a five-year bull run it is impossible to argue stocks look cheap, but the market is not necessarily too high,” MLC Investment…
I was cleaning out some old stuff of mine after finally getting the painters out of my house and I came across an old battered and weathered t-shirt of mine that had the following kanji characters written on it. For those whose Japanese is a little rusty it breaks down to the expression Osu. Osu…
Whenever, you take a position in a given instrument you are by definition doing something that is different from someone else in the same circumstances. Consider the chart below of Apple. I could make the compelling case that the stock has broken out. It has made a new high, broken out of resistance and has…
Humans by and large are appalling natural statisticians, we continually misunderstand the risk of certain events occurring. I have friends who wont swim at the beach because they are frightened of sharks by will drive for two hours to get to the beach and then sit on the sand.
My friend and uber money manager is on this weeks episode. Click here to listen
With the Russians playing funny buggers in the Ukraine I came across the following table from the WSJ.it looks at the response of the market to a series of shocks. I was surprised to see that the Cuban missile crisis only dropped the market 2.7% .I would have thought that the prospect of Armageddon would…
Forbes has just releases its list of top earners for last year. I have snipped out the top 10 below and the full list can be found here.
Whether you’re naked and hungry on the savannah, driving in traffic or at the controls of your favorite video game, being slow to react can get you eaten, injured or splattered across the screen. While we intuitively know this, a new study offers dramatic evidence of how much speed of response still matters: In men…
This is an interesting episode from the ABC’s Health Report. Long story made short – the way you think doesn’t give you cancer and the way you think about your cancer once you have it doesn’t determine or influence your survival. Somewhat puts a hole in all those dickheads who post in social media, although…
Here are two charts I snipped from Bespoke – those folks who generate massive numbers of metrics very few of which I understand. Whenever, I come across something like this the first question I ask is does it in some way assist in the trading process. Trading is an information management profession – everyday we are…
I came across this study the other day – Which Investment Behaviors Really Matter for Individual Investors? by a group at Goethe University in Frankfurt. The aim of the study was to examine various investor behaviours and see if these behaviours had any impact if any upon investor returns. As the study points out there…
During my sabbatical I got bounced the video below – it only goes for about 90 seconds so its easy to get through. If you are under the age of 25 cannot concentrate for more than 90 seconds the general gist of the story is that the current market looks exactly like 1929 and the…
Who gives a shit is the only response I could think of to the implied question. If you are naive enough to believe that working in the finance industry is the same as doing charitable work in Africa then you are profoundly deluded.
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