Piss poor reason for selecting people to serve on boards. Not entirely surprising when you consider the closed ecology of board memberships domestically Golf buddies aer_may_2016 2 from Trading Game Pty Ltd
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Odd thing of the day. More here – Bloomberg
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The chart below is from JP Morgans Guide To The Market and it says that the S&P500 is at an inflection point – this obviously means something to someone but I for the life of me cannot work out what. The current upswing as defined by the trend line that has been drawn could have been…
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WHO AMONG US has not felt the affront? Macadamia nuts arrive in a bag, not on a dish, and something shrivels in the soul. Are we animals? Did we execute the challenging task of being born insanely wealthy only to eat in-flight snacks from a bag? We did not. And that is why, when Korean…
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But I’m not primarily interested in the main story. Instead, I’m struck by a line of testimony offered at trial by then-Bear CEO Jimmy Cayne that does not even show up in subsequent court opinions, despite extensive recitals of the facts of the case. The generally “cocksure” Cayne apparently thought that his firm could be in…
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Last year (been waiting a few days to say that) I wrote about the lies we tell ourselves in order to successfully navigate our lives. Unfortunately, the propensity we have towards delusion means that we are also subject to the delusions of others. My guess is that this is part of the the in-built crowd…
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Occasionally you come across someone who is so clueless about probability as to leave you dumbfounded.
We all lie to ourselves – it is part of the human condition. Sometimes the lies are a simple mechanism design to protect our ego’s. Sometimes they are to create a more palatable or interesting narrative about our lives ala Walter Mitty. Occasionally they are designed to protect our psyche during turbulent moments when we…
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