Quote Of The Day
Came across this and thought it apt for current times. Everything we hear is an opinion, not a fact. Everything we see is a perspective, not the truth. Marcus Aurelius
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Bloody Hell
The record price for a Brooklyn home broke the $15 million threshold this summer, and by now it’s widely accepted that New York’s outer boroughs are not much of a bargain, growing further out of reach for the aspiring homeowner. The rush of new construction in gentrifying neighborhoods has pushed up the price of land, and…
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China’s Market And Policy Timeline
Bloomberg has created an interesting graphic looking at the various market interventions undertaken by the Chinese government. The part to concentrate on is the number of actions taken to stem the decline – none of which seemed to have worked. My feeling has always been that markets will go int he direction they want to…
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Drawdowns
I thought will the market currently going to hell in a handcart it would be instructive to generate a few drawdown curves for the main players. Moves such as the one we are undergoing are always instructive, if only for the illustrative effect of seeing how little the media actually knows about market. The issue…
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How Wall Street’s Bankers Stayed Out of Jail
On May 27, in her first major prosecutorial act as the new U.S. attorney general, Loretta Lynch unsealed a 47-count indictment against nine FIFA officials and another five corporate executives. She was passionate about their wrongdoing. “The indictment alleges corruption that is rampant, systemic, and deep-rooted both abroad and here in the United States,” she said. “Today’s action…
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Which Character Strengths Are Most Predictive of Well-Being?
Click on the pic to be taken to the article. Source – Scientific American
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Conquering Complexity With Simple Rules
What do burglars, Stanford’s football team, and Federal Reserve chair Janet Yellen have in common? They all use simple rules to help them navigate complex challenges, according to a new book by Stanford professor Kathleen Eisenhardt. Many burglars follow just one rule that significantly lowers their risk of getting caught — they pass on houses where…
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