Apparently the IMF recently compared the Australian economy unfavourably to that of Greece which apparently is a fair kick in the balls. This, of course, sent everyone into a tailspin particular our politicians who are too stupid to be able to read a graph and are locked within the narrow intellectual constraints of their own…
The “Flynn effect” refers to a pattern observed by James Flynn, a professor at the University of Otago in New Zealand. It points out that for most of the 20th century, scores on IQ tests have been rising. The reasons behind this pattern have been a subject of controversy. For example, are the rising IQ…
In 1997, Warren Buffett, the famous investor and multi-billionaire, proposed a thought experiment. “Imagine that it is 24 hours before you are going to be born,” he said, “and a genie comes to you.” “The genie says you can determine the rules of the society you are about to enter and you can design anything…
I used to think that those that ran hedge funds got rich because of their incredible returns. Then I heard about the 2 and 20 fee structure that most hedge funds charged. The typical hedge fund fee structure (historically) is 2% of assets under management and 20% of all positive returns. Therefore, if you gave…
As miracle cures are hard to come by, any claims that a treatment is 100% safe and effective must always be viewed with intense scepticism. There is perhaps one exception. Physical activity has been called a miracle cure by no less a body than the Academy of Medical Sciences (http://bit.ly/2lTqDvc); and, like those who avail…
“To me, stillness is what makes life worth living,” Holiday says during our conversation. “If you have all the money in the world, all the power in the world, but you are frantic, at the mercy of your own thoughts, what’s the point?” More here – GQ
Sir Peter J Radcliffe was awarded the 2019 Nobel Prize for Medicine for the work outlined in his rejected paper.
WE GET SO BUSY making a living, we forget that we need to make a life. Most of us are working until the end of the week, so we get to the weekend, only to start all over again. Surely there’s more to life than this? Sometimes it takes the most uncomfortable path to lead…
“I have been through some terrible things in my life, some of which actually happened.” “20 years from now you will be more disappointed by the things that you didn’t do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your…
MOST WOMEN RETIRE with much less superannuation than men. This makes it particularly difficult for single women and widows. Plus, on average, women live almost five years longer than men. But why? Taking the pay gap aside, and the fact that women are more likely to work part-time and take time off for child-rearing… let’s…
MY NEIGHBOUR, ROMA, was 92 when she passed away. I was with her. Her final gift to me was the last smile that ever graced her face. An orphan, she worked as a domestic helper for six and a half days a week from when she was 13 until she was 28 years old. I…
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