It’s Hard to Adult

“BUT I’M TIRED.” Yeah… I get it. It’s hard to ‘adult’. But as an excuse for NOT learning about the markets, it’s piss poor. You are the sum total of all the decisions you’ve made in the past. What you see in your life right now is the result. It’s ‘excuses’ or ‘results’. There is…

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It’s Your Retirement

IF THERE’S ONE THING that the banking Royal Commission into Banking, Superannuation and Financial Services Industry has shown us, it’s that we have to take more control. We can’t trust the big corporations to have our best interests at heart. Heck… the recent shenanigans show that we can’t really trust they won’t break into our…

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Sometimes It’s Best to Come Second?

Abstract This paper compares mortality between Gold and Silver medalists in Olympic Track and Field to study how achievement influences health. Contrary to conventional wisdom, winners die over one year earlier than losers. I find strong evidence of differences in earnings and occupational choices as a mechanism. Losers pursued higher-paying occupations than winners according to…

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Even More Fun With ETFs and Indices

What prompted me to revisit this topic this is that once again my inbox is being bombarded with stuff about the magic of ETFs – it seems the gloss has completely gone from cryptos so we are back to old standard. The problem with most of these genius ideas is that they lack depth –…

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Markets Dont Give A Shit

I am in the process of finishing up my presentation of the IFTA conference in Kuala Lumpur in October. My topic is a bit of an exploration of volatility and how it is incredibly poorly understood by most. Whilst in the throws of banging together charts I generated the one below of the S&P/ASX 200…

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Most of us are wrong about how the world has changed

The opinion research organization Ipsos MORI conducted a detailed survey of 26,489 people across 28 countries that gives us an answer.1 Most people think global poverty is rising when in fact the opposite is happening The first chart shows how the surveyed people answered the following question: “In the last 20 years, the proportion of the world…

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What Young People Miss Out On

Whilst there is an undoubted convenience to digital music there is also something missing from this distribution form. Back in the day owning a record was a cultural experience that was shared by those around you – this was particularly true of owing albums. An album crafted a narrative that went beyond the music and…

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Even More Fun With Indices

I have had a bit more fun playing with indices and the theoretical rate of returns they generate over the long term. This time I wanted to look at a different segmentation within the market – I split the All Ordinaries Total Return and the Small Ordinaries Total Return and looked at their relative return.…

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Traders Playlist

Sean K came up with a brilliant traders playlist in the MP forum Mindset:- Hang in Long enough – Phil Collins (love the sentiment…) Comfortably Numb – Pink Floyd (the impassive, unemotional state we aim for as traders) Learning to Fly – Pink Floyd (reaching for higher goals) Dreams Don’t Turn into Dust – Owl…

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The Lure of Incredible Certitude

I have snipped the abstract below from this paper – The Lure of Incredible Certitude Forthright characterization of scientific uncertainty is important in principle and serves important practical purposes. Nevertheless, economists and other researchers commonly report findings with incredible certitude, reporting point predictions and estimates. To motivate expression of incredible certitude, economists often suggest that researchers…

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