LATEST BLOGS

Spot The Country That Digs Things Up

The chart below is a comparison between the  ASX S&P 200 and the NASDAQ 100. There is a remarkable divergence in perfomance over the past six months. The 200 continues to limp along inside a broad congestion zone that makes it hard for trend followers whereas the NASDAQ 100 continues to power along. Whether the…

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Legalese

We have long grown use to legal statements that make absolutely no sense whatsoever or those interminable disclaimers at the end of every financial ad on the radio. At last someone has appeared with a sense of human.This is the standard disclaimer that Contango Oil & Gas Company (MCF) include with their  earnings reports –…

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Letter

Letter writing is a dying art form replaced by more mundane and functional forms of communication such as emailing and texting. Neither of which carry the emotional resonance of writing something to someone by hand. Below is a letter from Jackson Pollocks father to his young son     Dear Son Jack, Well it has…

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Where Does Success Come From?

Before you run off thinking that this is going to be some sort of Anthony Robbins new age touchy, feely  motivational posting….think again. Let me state at the outset I think motivation is bullshit. To my mind you cannot motivate anyone to do anything unless you have a taser handy. Even then you might have…

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Follow Your Dreams/Passion…..Yeah Right

A recurring topic of conversation I seem to have had lately with people starting out in life/business/career has been should you follow your passion. My answer has been simple. If your passion can pay you a million dollars a year then sure go for it. If not forget it. This may sound somewhat hard headed…

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Who Would Have Thunk It?

Those looking into the collapse of MF Global reckon they have found 90% of the coin that mysteriously disappeared from clients  accounts. Dealbook…..“Investigators have determined what happened to nearly all of the customer money that disappeared from MF Global around the time of its bankruptcy last Oct. 31, but have not publicly disclosed their progress,…

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Certainty

As the New Year, has come and gone we have been bombarded with predictions for the coming year.  Despite their best effects those that opt to predict what the market will do in 12 months times can seem to predict their own uselessness – an odd paradox that one. I have not looked at this…

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The Graduates

WHILE THE CHANTS of the protesters and the thrumming of the drum circle echoed through New York’s financial district, I spent a pleasant October weekend in Chicago drinking with the people who used to occupy Wall Street. It was my 10-year reunion at the University of Chicago Booth School of Business. Obviously I wanted to…

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Kodak Part Two

I had been thinking about the Kodak debacle when I remembered this – The Peter Principle states that “in a hierarchy every employee tends to rise to his level of incompetence”, meaning that employees tend to be promoted until they reach a position in which they cannot work competently. It was formulated by Dr. Laurence…

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Profit vs. Principle: The Neurobiology of Integrity

I have often thought that integrity can simply be defined as what you do when no one is looking. Let your better self rest assured: Dearly held values truly are sacred, and not merely cost-benefit analyses masquerading as nobel intent, concludes a new study on the neurobiology of moral decision-making. Such values are conceived differently,…

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The Moral Foundations (Or Lack Thereof) Economic Behaviour

Interesting little talk from the EconoTalk folks on the moral basis for economic behaviour and its role in prosperity. Someone should forward this to the peanuts on Wall Street. David Rose of the University of Missouri, St. Louis and the author of The Moral Foundation of Economic Behavior talks with EconTalk host Russ Roberts about…

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Loss Realisation

I have been reading Daniel Kahneman’s Thinking Fast and Slow and the going has been slow because I have gotten used to reading books on my tablet and having a large selection available. If I want to read a book I now have to remember to get it off the shelf. Going through this book…

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THE LONGEST RUNNING REPEAT-FOR-FREE TRADING MENTOR PROGRAM IN THE WORLD

Want to be an exceptional trader? Learn from the best. Chris and Louise have found the way to take the guesswork out of share trading.
They can teach you how to do this too!

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