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Interesting Read

I am not certain I agree 100% with everything being said but the overall thrust is positive. The emphasis added is mine. Charles Hugh Smith Readers often ask me to post something hopeful, and I understand why: doom-and-gloom gets tiresome. Human beings need hope just as they need oxygen, and the destruction of the Status…

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Rewriting History

This article has apparently been around for some time but I have only just stumbled across it (note to self pay more attention) Apparently the I/B/E/S database that is maintained by Thompson Reuters is subject to extensive rewrites designed to portray analysts in a much better light. Comparing two snapshots of the entire I/B/E/S analyst…

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Neat Summary.

If you want a neat encapsulation of how financial markets work and the inanity of much of what goes on and the post-dictive rationalisation that everyone employs. Then you should treat yourself to a New Years present from KAL a cartoonist for Economist

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What A Dick

Its funny how things never really change – I used to know people like this in the 1980s when I was a broker. In fact it was decision to try and throw one of them out of a window that made me seriously consider my career in the sell side of finance. Did I mention…

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“Can you eat gold? No. You can eat and barter Spam” Nouriel Roubini, economist, Dec 14 2011 I do note that bread may actually have been a better investment than Gold as well. In 1980 the average cost of a generic loaf in Victoria was $0.54 – today this price can be as high as…

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The Year That Was

About this time of the year we get a raft of year in review style of articles in the popular press. They usually have a few common elements. 1. The year was (insert appropriate metaphor here) 2. Looking back it was all so obvious…..then why didnt you tell us this before the year began. 3.…

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Does Your Passion Pay?

I came across this set of 52 rules for life and its not bad – a little touchy feely for my liking but it is not a bad general list of things to aspire to for a better life. One rule did strike me – 6.Find your passion. Another indispensable tip. This might be the…

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