The Week That Was
A long term historical perspective of the previous week. Click the pic for a big version.
Relative Versus Absolute
One of the things that scream incompetent is the inability to distinguish between what is a relative figure and what is an absolute figure. You most often see this sort of idiocy in the reporting of the risks associated with various events such as diet or drug interventions. For example, consider this statement – eating…
DetailsHistory of Companies and Industries Listed on the S&P 500
One of the biggest mistakes I frequently see in market commentaries is the belief that an index is static, that its composition is fixed in time and place. This is a great little piece that shows the very organic nature of an index such as the S&P500 over time. The index of today is not…
DetailsContext and Timing Are Everything
Apropos my piece yesterday on TSLA I thought it would be interesting to compare the performance of the FAANG stocks over a range of time periods.
Hard To Bet Against
This was the title of an article that caught my eye whilst having tea and toast with LB down at my local this morning. The thing that is hard to bet against is the price of TSLA – which if the press is to be believed seems to have become somewhat of a national sport…
DetailsLearning From A Bad Trade
“It only took 4,209 days, but I am finally even!!!” So declared Stephen Bearce, now a broker at Wells Fargo. He had taken a flier on 100 Bear Stearns shares amid its epic collapse from $171.51 — its record closing price on Jan. 12, 2007 — to where Bearce bought it at $30 a share on Friday, March 14, 2008.…
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