The post I did just now on luck got me thinking about the role of luck in trading – specifically the luck of your starting date. This ties in with a bit of playing around with annualised returns I have been doing in markets that have been rubbish. One of the issues with looking at…
Seems an appropriate time to revisit this. When this was occurring I was sitting in an airport lounge somewhere trying to make the best of what past for mobile communication in those days. In 1992, George Soros brought the Bank of England to its knees. In the process, he pocketed over a billion dollars. Making…
With the circus that American laughingly call an election year in full swing I wondered what the had happened to the market during previous election years. So with a rainy Friday afternoon, Google, and a truck load of historical data it was time for some dodgy excel. The chart below looks at the return of…
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