More cleverness by Michael Lewis – I’d like to start by making a confession: It’s never been easy being me. Managing billions of dollars of other people’s money, and countless millions of my own, has been highly stressful. There was a time when I thought my anxiety, not to mention the investigations of my affairs…
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In the 2001 issue of the International Journal of Forecasting, an economist from the International Monetary Fund, Prakash Loungani, published a survey of the accuracy of economic forecasts throughout the 1990s. He reached two conclusions. The first was that forecasts are all much the same. There was little to choose between those produced by the…
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If ever you wondered how stupid conservative politicians in the US are look no further
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Well we are only five months into the year and I think I have found the winner of this years most useless piece of financial journalism. The clubhouse leader is Nicole Goodkind of Yahoo finance whose article Secrets of the worlds sexiest CEO is probably one of the most demeaning and childish pieces I have encountered…
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One of the joys of keeping odd hours is that you hear all sorts of things that make you go WTF. So I was not surprised to hear in the wee small hours someone extolling the virtues of FX. Their basic pitch was FX is the most volatile market in the world .Therefore, this translates…
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I wish I had written this…. Our latter-day sultans of superannuation have breezily lavished a $20 million junket on their sales force and themselves to boot. Before this year’s Byzantium bash, the AMP held its ”conference” in Dublin, South Africa, Amsterdam, Colorado and Buenos Aires. If the behemoths of superannuation shell out two bob supporting…
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I believe it was the American writer HL Menken who once said you will never go broke underestimating the intelligence of the American public. A statement that is probably a bit harsh on the Yanks but one that can definitely be applied to those who invest in hedge funds. 2013 was another great year for…
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At the risk of enhancing stereotypes or inflaming passions I give you the following graphic. Each dot on the graphic indicates where Americans think Ukraine is. Interestingly a large number stuck it in the US itself and some particularly misguided souls dropped it into the Outback. Source – The Washington Post
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