Here is something I didn’t know – I had no idea that betting agencies presented their information in such a fashion. The image below represents the collapse in betting around Tiger Woods to win the US Open – hell of a short trade if such things are at all possible.

….goes to Fairfax who today discovered the internet. And the prize for the most surprised employees goes to Fairfax employees who were clearly surprised that Fairfax management had discovered the internet. And were even more surprised that they were going to do something about it. …..Good luck with that…..

Daydream your way to creativity (Does require a subscription but New Scientist is worth it) Why Smart People Are Stupid The Smart Are MORE Biased To Think They Are LESS Biased The Curse of Knowledge WWII with Antony Beevor and Max Hastings (Podcast – Beevors Stalingrad and Hastings Armageddon are two cornerstone history books)  …

Because you can never have too much Bruce Lee

I got bounced this list of stats – Forty-five million Americans (one in seven) are on food stamps. One in seven is unemployed or underemployed. The percentage of those out of work defined as long-term unemployed is the highest (42%) since the Great Depression. Fifty-four percent of college graduates younger than 25 are unemployed or…

The news gets worse but the market doesn’t. Markets are efficient my arse…..all that matters is price. Personal disclaimer my system will go long the IBEX on a break above 6770

I was cleaning out some old presentations when I came across this oldie but a goodie. Q: Why didn’t Wall Street realise that Enron was a fraud? A: Because Wall Street relies on stock analysts. These are people who do research on companies and then, no matter what they find, even if the company has…