Despite the euphoria of those who are proclaiming the worst is over on the back of a single positive day – this chart is enlightening. Sometimes it is worthwhile removing as much noise from the chart as possible., Until we break this range one way or another I am not convinced about anything……

Fahrenheit 451 remains my favourite view of a dystopian future. This is Bradbury’s last column.

Neat graphic from Bloomberg on the relative value that CEO’s bring to financial organisations. It pretty much tracks a study I read in the 1980’s which stated quite bluntly that the worst performing companies have the highest paid executives.

I mentioned the other day that I had started reading Hedge Fund Wizards and I have to admit it is a little flat. Whislt, I am only part way through I have noticed a few things. Firstly, Schwager seems to have fallen into the hedge fund myth. The forward to the book gives the impression…

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Jack Schwager is interviewed by Micheal Martin about his new book Hedge Fund Wizards.

If you have ever wondered why this country is stuffed consider this little incident from the weekend. Yesterday was the mid point meeting of our Mentor Program, during the lunch break LB and I are busy doing stuff in the room and dont have time to go down to the restaurant for lunch. To fix…

Snipped this out of the WSJ It follows on from a discussion we have been having in the Mentor Program about the impact of longer term changes in volumes might have on the market. To be honest I ma not certain what to make of it. Whether it reflects a structural change in the market…

….other than I guess we have all had days like this….