QOTD
“Every action is measured by the depth of the sentiment from which it proceeds.” Ralph Waldo Emerson
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Are The People Around You Killing Your Ambition?
Nicole O one of our new mentorees dropped this onto the forum yesterday – it is worth a read since its application is universal irrespective of what change you are trying to make. Are The People Around You Killing Your Ambition? Have you ever shared your desire to transform your life through renovating and been…
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The Great Superannuation Exodus
According to the Sydney Morning Herald there has been an exodus of funds from large superannuation funds into self managed funds. The number of people with DIY super funds has grown by more than 30 per cent during the past five years to more than 1 million, collectively worth, in December last year, a whopping $568 billion.…
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Your Brain Is Primed To Reach False Conclusions
Helena Matute, a psychologist at Deusto University in Bilbao, Spain, and her colleagues enlisted 147 college students to take part in a computer-based task in which they each played a doctor who specializes in a fictitious rare disease and assessed whether new medications could cure it. In phase one of the study, the student volunteers…
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Fake Hedge Fund Manager Fakes Death Using Fake Assistant
He never made real investments with funds, instead using the money for personal use, authorities said. To keep his companies going, he issued false earnings statements. “By pretending to be a successful hedge-fund manager, Malik conned investors into bankrolling his lavish lifestyle,” Andrew M. Calamari, director of the SEC’s New York Regional Office, said at…
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Context Is Everything
As someone who comes from a data driven background one of the things that has always intrigued me about financial markets is that despite being a wellspring of raw data it is driven by narratives. Humans do seem to prefer stories over data – in effect we are a hairless ape that prefers stories to…
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Is it still cheating if I don’t get caught?
There is an excellent piece by Fairfax media doing the rounds this weekend that looks at the problems Macquarie Bank seems to have complying with the law and the difficulties its financial planning division has in acting honestly. The thrust of the story is that Macquarie has been the subject of an enforceable undertaking due to…
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They Made Me Do It
I came across this article and the end part which I have copied below caught me eye. Australian regulations under fire In the wake of the global financial crisis, the United States put a handbrake on the retail foreign exchange industry, limiting it to a maximum leverage ratio of 50:1. However, in Australia, foreign currency…
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