I snipped this table from Business Insider – it shows the likelihood of various sorts of maladies befalling the average American. Apart from the appalling statistic for gun violence my guess is that it is roughly transferable to Australia. It highlights the profound disconnect between true risk as expressed as a number that is harsh…
JUNE 1, 2017 —If all had gone according to plan, the James Webb Space Telescope (JWST) would be celebrating its 10th anniversary of capturing stunning portraits of distant galaxies, NASA would be hard at work on its dark energy detector, Virgin Galactic would be running two daily tourist flights to the edge of space for just $50,000…
In somewhat of a similar vein to the post on scary charts I came across this piece yesterday – For the past 40-50 yrs, those years ended with “7?” always spell trouble. 1977? – International Currency Crisis 1987?- Oct 19 Black Monday Crash 1997?- Asia Financial Crisis 2007?- US sub-prime Crisis 2017? – ? There…
Every once in a while, a friend attends therapy for the first time and starts breathlessly reporting all the revelations she’s learned. In many of these circumstances, it’s all I can do to stop myself from yelling that I, or any of her other friends, could just as easily have told her these same “discoveries.”…
A piece in the Fairfax press today referenced a book by economist Professor Paul Frijters called Game of Mates. In essence the books looks at both the political connnectness of billionaires, how this affects their wealth, the wealth of a country and their contribution to innovation. In short it found that billionaires in Australia are…
Whilst sitting at my local this afternoon enjoy a cuppa and a Kit Kat I spied someone reading a piece about a company called SurfStich which to be honest I had never head of as it doesn’t sit within my universe of tradeable stocks. To save you the trouble of reading the article I can…
On Sunday we had the middle meeting of our Mentor Program and one of the topics that always creeps up is the desire for complexity within trading. There is a belief that the more complex your system the better it will be In part this is due to the illusion of control that such approaches…
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