Kviabryggja Prison in western Iceland doesn’t need walls, razor wire, or guard towers to keep the convicts inside. Alone on a wind-swept cape, the old farmhouse is bound by the frigid North Atlantic on one side and fields of snow-covered lava rock on another. To the east looms Snaefellsjokull, a dormant volcano blanketed by a…Details
What surprised me was how little space real estate occupies.
Science and medicine have done a lot for the world. Diseases have been eradicated, rockets have been sent to the moon, and convincing, causal explanations have been given for a whole range of formerly inscrutable phenomena. Notwithstanding recent concerns about sloppy research, small sample sizes, and challenges in replicating major findings—concerns I share and which I…Details
Biased Shorts: Short sellers’ Disposition Effect and Limits to Arbitrage from Trading Game Pty LtdDetails
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I posted this in the Mentor Program forum this morning and it is worth sharing because it represents my favourite style of price distribution. This one week relative performance is reminiscent of a smile and it indicates a series of movements that provide ample opportunity for traders. I accept that parts of equities markets are…Details
Now that the dust has settled on January I thought it was time for a little dodgy table and chart looking at the relative performance of a few markets. As you can see the trouble maker continues to be China, which should not be a surprise to anyone. What is surprising is the relatively good…Details