Failure
My wife is a bit of a golf nut so for the past four days we have been watching the British Open – in particular we have been following the progress of the Australian golfer Adam Scott. Who after three days seemed to have put a comfortable buffer between himself and everybody else. On the…
I Love These….
…it gives me someone to poke fun at The Long-Term Argument for Dow 20,000 Despite all that is written about the folly of prediction and how experts are chronically wrong in almost every prediction they make people still pay attention to them.
Its Not Your Fault
Every so often you come across a statement that so neatly encapsulates what is wrong with almost every aspect of the modern world that you stand and marvel that someone has actually uttered it. Whilst heading off to the gym I heard that at a recent get together someone had stated that the war on…
Ken Burns On Story
If you have not done so watch Ken Burns documentary on the Civil War – it is a profoundly compelling and surprisingly gentle doco on a nation tearing itself apart. Ken Burns: On Story from Redglass Pictures on Vimeo.
Hedge Fund Performance: First half of 2012
Snipped these from the always interesting Practical Quant Hedge funds are still rubbish……
Prediction Markets
Came across this interesting little paper. The title can be a little confusing since the term prediction market is simply used to convey a market that generates odds. When they say prediction market think bookmaker. The gist of the paper is that such markets have been used for centuries for a variety of events but…
Talent Is Overrated……Bullshit It Is
Over the past few years a popular bit of folk lore has taken hold in the minds of the non critical thinking members of the public. This odd quirk in thinking is essentially that talent is over rated as a commodity and that all that is required for success in a given field is practice.…
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