Abstract We examine all S&P 500 firms over 1999-2014 that publicly characterize their annual performance with extreme positive language. We find that only 18% of such firms increase shareholder value, while nearly 75% have insignificant performance, and the remaining 7% actually destroy shareholder value. Our evidence suggests that firms often base their positive claims on…
We’ve asked our friend, Matt Leibowitz from stake.com.au to write another article for us all. We like Matt, respect his views, and are behind his plan to give Australian traders better, more affordable access to the US markets. Here’s what he has to say: As I’m writing this, we’re at a precipice. The US markets are…
I got an email over the weekend asking about the correlation if any between gold and the AUD and to be honest I didnt know if there was any relationship between the two other than the long bow stories generated by economists. So I decided to have look. Whenever you start to look at the…
While working in my garden, over the fence, here is a conversation uttered by the nice neighbours who live over our back fence: “Well… what do you think they do?” “It’s either got to be drugs, or they’ve worked out a scam.” “What… like a welfare scam?” “Yeah… ‘cos they’re always home or going to…
Mullinger Swamp sits on the border of Vic/SA Mullinger Swamp Milky Way Reflections Time Lapse from John Carter on Vimeo.
Beginning your trading education and starting to trade can cause a bucket-load of stress in some people. They get overwhelmed. There is just so much to do. It’s so hard to know where to begin, especially if you’re trying to choose the right trading books to get you off to an excellent start. I don’t…
I suppose such a question should really just be phrased as a rhetorical since it is a given that the majority seem to be dribbling idiots with the IQ of a turnip. The reason for this tirade is a series of news reports I heard this morning whilst heading to my regular Wednesday morning yoga…
Once again I am late to the party because apparently the world is ending…..again. The current cause for these conniptions among traders is that the US markets are going down, judging by the reactions of market participants to this earth shattering event one would think that this sort of thing was now illegal. As such…
Documentary following a generation of post-punk musicians who took the synthesiser from the experimental fringes to the centre of the pop stage. In the late 1970s, small pockets of electronic artists including the Human League, Daniel Miller and Cabaret Volatire were inspired by Kraftwerk and JG Ballard and dreamt of the sound of the…
What does it take to succeed? What are the secrets of the most successful people? Judging by the popularity of magazines such as Success, Forbes, Inc., and Entrepreneur, there is no shortage of interest in these questions. There is a deep underlying assumption, however, that we can learn from them because it’s their personal characteristics–such as talent, skill, mental toughness,…
In 1928, Santiago Ramón y Cajal, the father of modern neuroscience, proclaimed that the brains of adult humans never make new neurons. “Once development was ended,” he wrote, “the founts of growth and regeneration … dried up irrevocably. In the adult centers the nerve paths are something fixed, ended and immutable. Everything must die, nothing…
More here – YLMSportsScience PS: I always thought XC skiers were a bit bonkers
Hi everyone, We’ve had some requests on the blog for specifics. Specific thoughts about shares themselves – as well as concepts such as IPO choice, that CT & I don’t usually comment about. We’ve also heard that you want more analysis. We’ve listened to your views, and we’ve asked our friend, Matt Leibowitz from stake.com.au to…
