The Week That Was
A long term historical perspective of the previous week. Click the pic for a big version.
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Easiest Question of the Day
I noticed the following headline whilst having brekky at my local. You can read the original piece here in the Melbourne Age. Unfortunately, I would consider most of it wrong since the way you tell when markets have bottomed is to open a chart and look back six months and go….there’s the bottom. The only…
Relative Versus Absolute
One of the things that scream incompetent is the inability to distinguish between what is a relative figure and what is an absolute figure. You most often see this sort of idiocy in the reporting of the risks associated with various events such as diet or drug interventions. For example, consider this statement – eating…
The Zombie Apocalypse Is Upon Us….Apparently
According to the popular press, Australians are racing out to buy hand sanitiser and face masks to protect them from the coming apocalypse. I do wish someone would tell them that neither will help. However, as someone who is fascinated by group behaviour hence my belief that Charles P Kindleberger’s Manias, Panics and Crashes is…
Here’s How Sleep Removes Poisons From Your Brain
The more we learn about sleep, the more important we know it is to brain function. We even know that not enough uninterrupted sleep can increase your risk for Alzheimer’s. New research has shown exactly why that is, and it should be frightening news for anyone who routinely tries to get by on four, five, or even…
Why Walking Helps Us Think
In Vogue’s 1969 Christmas issue, Vladimir Nabokov offered some advice for teaching James Joyce’s “Ulysses”: “Instead of perpetuating the pretentious nonsense of Homeric, chromatic, and visceral chapter headings, instructors should prepare maps of Dublin with Bloom’s and Stephen’s intertwining itineraries clearly traced.” He drew a charming one himself. Several decades later, a Boston College English professor named Joseph Nugent and his…
The Perils of “Survivorship Bias”
An aspiring entrepreneur could be forgiven for thinking that dropping out of college to start a company is the key to success. After all, it worked beautifully for Steve Jobs, Bill Gates and Mark Zuckerberg. These business moguls’ well-known stories give the impression that to become a triumph in business, all you need is a…
The Reward Must Be Worth the Suffering
Many years ago whilst in Tokyo LB and I hired a guide to show us around some of the museums of modern art that Tokyo has – I am a fan of the Japanese design aesthetic so it was an afternoon well spent. Whilst sitting down and chatting with her at the end of the…
The Joys of Social Media and Bullshitting
I have mentioned before about the intriguing claims made by people on social media about their trading prowess. My favourite of late has to be the guy claiming a 10,000% return in his trading. So for shits and giggles, I wanted to see what a 10,000% return on various starting bases was and the result…
What Lies Behind Every Breakthrough Performance
In his new book, Atomic Habits, James Clear uses the example of an ice cube. Ice melts only when it hits 32 degrees Fahrenheit. Does that mean the energy required to raise the temperature of ice from 25 to 26 to 27 to 29 to 31 degrees doesn’t matter? Of course not. You may only see…
Neil Pasricha: Happy Habits
Here are a few highlights from our conversation: What I learned from my parents was the model of resilience. The idea that you can add a “yet” to any sentence. Meaning, when I talked to my mom growing up, she’d be like, “Well, dad would take me to the German club and I said to…
How Things Used To Be
With the inevitable demise of Holden it’s always fun to look back at how things were done. This ad from Ford could never be made today because of the fun police. Surely everyone wants to hang out the back of a ute going up Olivers Hill in Frankston.
Survivor Bias…..Again
This is a recent post that popped up in my Twitter feed. It follows the usual nonsense line of, if you had gone back in history and bought this stock and held it till today you would have X amount of money. It’s the same nonsense as saying that if you had invested in APPL…
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