Why Economic Models Are Always Wrong
I saw the above title and thought WTF would anyone be surprised at this. More here – Scientific American PS : Welcome to the land of the bleeding obvious……..
DetailsMore Than 80 Percent of Hedge Funds Underwater
I find this somewhat fascinating since the popular image if hedge funds is one of remorseless money making machines when in fact most are run by complete dickheads with very little ability. The selloff in most of the global markets in the third quarter heavily impacted a large number of hedge funds. In fact, not…
DetailsMore Than 80 Percent of Hedge Funds Underwater
I find this somewhat fascinating since the popular image if hedge funds is one of remorseless money making machines when in fact most are run by complete dickheads with very little ability. The selloff in most of the global markets in the third quarter heavily impacted a large number of hedge funds. In fact, not…
DetailsQuote Of The Day
“If a man is offered a fact which goes against his instincts, he will scrutinize it closely, and unless the evidence is overwhelming, he will refuse to believe it. If, on the other hand, he is offered something which affords a reason for acting in accordance to his instincts, he will accept it even on…
DetailsQuote Of The Day
“If a man is offered a fact which goes against his instincts, he will scrutinize it closely, and unless the evidence is overwhelming, he will refuse to believe it. If, on the other hand, he is offered something which affords a reason for acting in accordance to his instincts, he will accept it even on…
DetailsPinker On Violence
I have just been reading an interview with noted psychologist Steven Pinker and three points were worth highlighting from this interview – How do you explain the decline in violence? I don’t think there is a single answer. One cause is government, that is, third-party dispute resolution: courts and police with a monopoly on the…
DetailsEuro Zone Graphic
If you have had trouble working out what the hell is going on in Europe this may or may not help. Click to image for a ferkin giant version.
Where To Now?
Fridays overnight action saw most world markets lift – even Greece was up. This pop in prices presents a problem for traders since markets have been ordinary for some time. Lacklustre markets such as the ones we have been experiencing have been characterized by false breaks both up and down. These false breaks have the…
DetailsWhere To Now?
Fridays overnight action saw most world markets lift – even Greece was up. This pop in prices presents a problem for traders since markets have been ordinary for some time. Lacklustre markets such as the ones we have been experiencing have been characterized by false breaks both up and down. These false breaks have the…
Details
