LATEST BLOGS

Poker

Traders are often surprised at how close trading is to games of skill such as poker and blackjack where players exploit small skill advantages and a ruthless understanding of money management to be successful. Cates earned his stake by grinding, the term used to describe the process of pressing a skill advantage over an extended…

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Diseases of Affluence

RECENTLY I WORKED as an internist-intensivist at the Canadian Combat Surgical Hospital in Kandahar. Most of our casualties were Afghans: National Army soldiers, National Police and civilians caught in crossfire. They were diminutive men, almost always less than a hundred and forty pounds. I cannot comment on the body masses of the Taliban—they were never…

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Retail Therapy

I have opined before about my welcoming the death of the local Borders and Angus and Robertson bookstores. There is only so long you can go on ripping people off before they wise up – consumers are many things but there does come a point when they do become price sensitive. This reflexive price sensitivity…

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Retail Therapy

I have opined before about my welcoming the death of the local Borders and Angus and Robertson bookstores. There is only so long you can go on ripping people off before they wise up – consumers are many things but there does come a point when they do become price sensitive. This reflexive price sensitivity…

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To parity and beyond

Well, so much for newspapers screaming that the days of parity were long gone. I think this example presents somewhat of a salutory lesson about trading within a crisis and is and isnt a good idea. It is clear that the AUD broke down into its trading range on the back of events in Japan.…

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To parity and beyond

Well, so much for newspapers screaming that the days of parity were long gone. I think this example presents somewhat of a salutory lesson about trading within a crisis and is and isnt a good idea.   It is clear that the AUD broke down into its trading range on the back of events in Japan. However,…

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