Gilligan

I recently notice some rubbish in my spam folder that purported to link the Mayan calendar and the current state of the market. Apparently since the Mayan calendar runs out in 2012 we should prepare for the mother of all crashes. And dont get me started on the Elliot Wave theorists who still seem to…

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Certainty

As the New Year, has come and gone we have been bombarded with predictions for the coming year.  Despite their best effects those that opt to predict what the market will do in 12 months times can seem to predict their own uselessness – an odd paradox that one. I have not looked at this…

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The Graduates

WHILE THE CHANTS of the protesters and the thrumming of the drum circle echoed through New York’s financial district, I spent a pleasant October weekend in Chicago drinking with the people who used to occupy Wall Street. It was my 10-year reunion at the University of Chicago Booth School of Business. Obviously I wanted to…

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Kodak Part Two

I had been thinking about the Kodak debacle when I remembered this – The Peter Principle states that “in a hierarchy every employee tends to rise to his level of incompetence”, meaning that employees tend to be promoted until they reach a position in which they cannot work competently. It was formulated by Dr. Laurence…

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