I have to admit the amount of money some folks can go through in a very short period of time is quite amazing…. Over 60% of NBA players reportedly go broke within five years of retirement. Iverson, who retired from the NBA in 2010, fell right into that trap. In his heyday, Iverson had expensive…
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Have we reached peak green juice? The New York Times’ Brooks Barnes suggests as much in a recent story about what a haute-hippie refuge in California is bringing to an already over-saturated market: With every mini-mall, gas station and gym in Los Angeles now boasting a juice bar, or so it seems, the truly cutting-edge folks need to raise…
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In the circuitous way you often come to things I was looking at a collection of charts on base metals. As you can see from the screenshot below there really has been nothing to get excited about over the past few years, which puts lie to the notion of our supposed mining boom. What we…
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Like many obsessive collectors, Suzanne Nobles spends countless hours online scouring for treasures. The 25-year-old Arizona-based blogger isn’t tracking down rare antiques or priceless baseball cards, though. No, she’s on the lookout for Lululemon. One recent score—a pair of gray and split-pea green running shorts—cost her $95. While they initially retailed for $54, the shorts…
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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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Many ordinary investors who trade currencies are a bit like casino gamblers: they may think they’ll win, but the odds are they won’t. Aite Group LLC, a Boston-based consulting firm, surveyed retail foreign-exchange traders in 2011 and found only 11 percent expected to lose money. Forty-one percent expected to earn monthly returns of more than…
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For your edification I bring you two articles. Firstly, a series of predictions made by Saxo Bank economists. Secondly, and more sensibly a piece that rightly asks – where are the economists yachts? Once you have read the first article you will automatically know the answer to the question posed in the second article.
So they took a look at the data on Darwin Award winners over the past 20 years, from 1995 to 2014. This is excellent data to work with. The winning event must be verified, winners must “show an astounding misapplication of common sense,” the winners must be both capable of making good decisions — and…
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These are my last words on this topic I promise. We have learnt that merely taking the average annualised return for an index and then back dating that figure to achieve a hypothetical magical figure is naive and reflects a tremendous lack of knowledge as to how markets work. Likewise suggesting that someone simply buy all…
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