Does Money Make You Happy?
Before I simply bellow FUCK YES in an infantile manner and sign off it is worth having a look at what the literature says about the impact of wealth not only on your psychological wellbeing but also upon your general health, life outcomes and overall demeanour. Two papers I recently read looked at this topic…
Napoleon was the Best General Ever, and the Math Proves it.
Among all generals, Napoleon had the highest WAR (16.679) by a large margin. In fact, the next highest performer, Julius Caesar (7.445 WAR), had less than half the WAR accumulated by Napoleon across his battles. Napoleon benefited from the large number of battles in which he led forces. Among his 43 listed battles, he won 38 and…
Everyone Is Delusional
I came across this chart below which examines the most common lies that people tell on their CV’s. Source – YourGovUK It is fairly obvious that the most common lie relates to either education or qualification and this is a point I have some personal experience with. Many, many years ago when I was silly…
16 Things Your Successful Friends Have Given Up
Sit down and think, for a moment, about what your successful friends do compared to your loser friends that complain. If you don’t have any successful friends, then you need these tips I’m about to share more than anyone. Your successful friends think differently, speak differently, and work 10 times harder than your loser friends.…
Whats Your Game?
My YouTube feed recently picked up a news item on the British Indoor Rowing Championships – my major point of surprise was that there was such a thing and this surprise was compounded by the fact that many were using it as a warm up event for the 2020 Summer Games. That’s right indoor rowing…
In 2017, UK water companies still rely on “magic”
If you have ever wondered why the world seems to be run by complete and utter idiots consider this….. If you had to work out where to dig so that you didn’t cut off the water supply to an entire town, would you rely on a Ouija board for your answer? Probably not, but that…
A Little Bit More History
MODERN COMPARISONS The peak value of the Dutch East India Company was so high, that it puts modern economies to shame. In fact, at its height, the Dutch East India Company was worth roughly the same amount as the GDPs of modern-day Japan ($4.8T) and Germany ($3.4T) added together. Even further, in today’s chart, we…
Sensation-Seeking Hedge Fund Managers
Abstract Using a novel data set of hedge fund manager automobile purchases, we show that, motivated by sensation seeking, hedge fund managers often take risk for personal and non-pecuniary reasons. In line with the sensation seeking view, managers who own powerful sports cars take on more investment risk but do not deliver higher returns, resulting…
Its The Same Old Song
I caught a piece in Bloomberg this morning that had FX traders lamenting the lack of volatility in FX markets this year and using that as an excuse for their lack of profitability. Upon seeing this I thought to myself that this sounds awfully familiar amd it does – it is the classic I dont…
Benoit Mandelbrot’s Ideas about Investing and Markets
Benoit Mandelbrot was a Polish-born, French and American “mathematician with broad interests in the practical sciences.” I met him only once at a lecture at Microsoft Research before he passed away in 2010. Mandelbrot and Richard Hudson are the authors of the influential book The Misbehavior of Markets: A Fractal View of Financial Turbulence. I suggest you…
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