Well that sucks…..

The Wall Street Journal says Los Angeles faces a glut of mansions built on spec and priced above $20 million. About 50 such houses are currently for sale, and there isn’t enough dumb money around to buy them all, so sellers are having to resort to both price cuts and absurd marketing techniques, such as open houses that are…

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Why do we bother with stock market forecasts?

“Forecasting: the attempt to predict the unknowable by measuring the irrelevant; this task employs most people on Wall Street.” (Brilliant description – wish I had thought of it) The words of Jason Zweig, author of the Devil’s Financial Dictionary, are particularly apt at this time of year. We hear a lot from financial forecasters every…

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WTF Does This Mean?

Recently I have had occasion to be using LinkedIn because people for some reason instead of emailing me send me messages instead. I find LinkedIn to be fascinating. If Facebook is your slightly brain dead unemployed bogan cousin then LinkedIn is your archetypal idiot private school boy whose parents always bailed him out of trouble,…

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