It is always interesting when your email is publicly available – this means that sometimes the public writes to you and today was no exception. My winner for email of the week is the chap who wrote to me today and see he was suspicious of financial markets because his broker was spying on him…Details
I was preparing a piece for the Australian Investors Association when I came across this quote. The story telling mind is allergic to uncertainty, randomness, and coincidence. It is addicted to meaning. If the storytelling mind cannot find meaningful patterns in the world, it will try to impose them. In short, the storytelling mind is…Details
Interesting long article about the demise of alpha – that is a positive return over and above what the market can intrinsically produce. I would probably add that there has never been a situation in history where money managers have en masse produced alpha, so the situation being described is not new. Fund managers have…Details
And time for therapy….friggen navel gazers.
You can always look like a dick….. History is filled with tales of adventurous exploits and astonishing accomplishments performed by confident individuals. In fact, one might say that history is most often made by those possessed with extraordinary confidence. However, just as often, history is replete with stories of extraordinary failures and cocky blunders, committed…Details