The Mayans Cocked It Up….
The Economist has put together a timely guide to all those idiots who predicted the end of the world. As you can see the tradition of being a dickhead is long and proud,,,,,,,
Tony Hsieh, CEO of Zappos, Featured on 20/20
Tony Hsieh of Zappos – compare this place to the places you might have worked at.
Rich Managers, Poor Clients
From The Economist…… The mediocrity of the hedgies’ recent performance is in part the result of the industry’s massive growth. Whereas in the past it was plausible that hotshots like George Soros could spot market anomalies, several thousand managers in an industry with $2 trillion of assets under management are very unlikely all to be…
Relative Performance
Whilst I believe that the correlation indices has increased over time and the correlation of instruments has been shown to increase in times of stress their returns correlations can be a little different. Note the performance particularly of the DAX and the Hang Seng. The charts for some of these may have the same outward…
Its Friday
Here is a bunch if old blokes doing outrageous things.. So WTF you doing with your time? 71 60+ 86 64
One Of These Things Is Just Like The Other
Well…….its the 21/12/12 and I am still here. Although I havent checked to see if I am here by myself yet…. In the spirit of such things I give you two sets of predictions. 1. Those dickhead Mayans who couldnt even foresee the coming of the Spanish – bit of bad luck there 2. A…
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Daniel Kahneman
Having started rereading parts of Thinking Fast and Slow I thought it was worth revisiting this
Dow – Update
Price is still meandering around the initial fail point. One of the mistakes I see traders make is that they see a chart like the one below and instantly drop into confirmation bias mode simply because price looks as if it might be moving higher. Current price action doesn’t really confirm whether this trade is…
John Henry Shuts Up Shop
It was recently announced that one of the pioneers of managed futures John W Henry was shutting up shop after several difficult years in which his funds under management shrank from $2.5 billion in 2006 to around a $100 million. This made me wonder two things. Firstly, is there a shelf life to money managers.?…
The Myth of American Meritocracy
Lately I have had a bit of waiting time and I was able to read this article in full. Of the entire piece I found the passage below the most disturbing. As a history buff I am familiar with such behaviour in the old Soviet Union and Germany in the 1930’s where admission to schools…
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