If I am reading this correctly, what they are saying is that forecasting is a waste of time. Perhaps they should have consulted the extensive work of Philip Tetlock before going to the trouble.

I have mentioned before the lack of data regarding real estate which is one of the reasons why it is hard to take any short term pronouncement about real estate seriously. There simply isnt enough quality data to make these sorts of judgments and this situation would obviously be of benefit to land rats since…

Ok blogophytes – time to learn something. If I were to ask a room full of traders what is the main rule you pay lip service to, I say lip service because most dont do it. It would be – Cut your losses and let your profits run The interesting thing about this phrase is…

Last night I had the misfortune to catch some of the evening news whilst wandering in and out from the BBQ. During one of  my kitchen runs I heard that housing in my area had suffered a MASSIVE 6% fall. This news was of course delivered by a dolly bird with a bra size bigger…

Golf is like trading – it is won by the person who makes the fewest catastrophic mistakes. In managing to achieve this you need to know when to leave well enough alone. This is an example of not knowing when to leave things as they are, put your ego in your pocket and live to…

Following on from yesterdays thread on Ronald Wayne who left $58 billion on the table when he bailed on the embryonic Apple I thought it would be good to look at a case where it would have been wise to take the money. In 2008 Microsoft offered $44 billion for Yahoo – this valued the…

Excellent podcast by William Cohan a financial journalist on Goldman Sachs. William D. Cohan tells how Goldman Sachs became the most dominant, feared, and controversial investment bank in the world. In Money and Power: How Goldman Sachs Came to Rule the World, Cohan chronicles Goldman’s rise and looks at its corporate culture, reputation, and the…

Following on from the TED piece on algorithmic trading I bring you algo chimp Click below for live algo chatting chimp boy

Walking with Dinosaurs is a very cool afternoon out with little blokes…..provided you dont sit behind some religous dicknut who tells everyone that dinosaurs are now extinct because they couldnt fit in the Ark 3,000 years ago.

Excellent podcast by William Cohan a financial journalist on Goldman Sachs. William D. Cohan tells how Goldman Sachs became the most dominant, feared, and controversial investment bank in the world. In Money and Power: How Goldman Sachs Came to Rule the World, Cohan chronicles Goldman’s rise and looks at its corporate culture, reputation, and the…