I have been a fan of the Khan Academy since I first encountered it – it seems to me that digital delivery of education has a different agenda to traditional education. Digital is about teaching – traditional is about credentials and the provision of degrees.
For some reason I get a copy of Your Trading Edge sent to me on a regular basis and generally after a quick scan to see how far people can drop into superstition and magical thinking it goes in the bin. Not this week because one article contains a by line so staggeringly ironic that…
As you would expect I keep a file of all world indices but I call this file a context file in that it has no information other than price and a few coloured lines. The reason I do this is simply to remove as much noise as possible and to get a sense of what…
Von Neumann, Feynman and Ulam sitting around bullshitting to one another. If Feynman is involved then its probably about safe cracking or girls…… If you want to make yourself smarter google those three names and be prepared to be amazed at how clever some bastards are…
A new academic study asks whether hedge funds make markets inefficient and the answer appears to be ‘no.’ “Hedge Fund Herding and Crowded Trades: The Apologists’ Evidence,” is the work of Blerina Bela Reca of the University of Toledo, Richard W. Sias, University of Arizona and Harry J. Turtle, Washington State University. The authors examined…
Maybe….maybe not. Its probably more akin to pick pocketing with baseball bat – supposedly subtle and frictionless but actual a source of violence. More here
Note to audience – this video contains smart people doing smart things. Do not watch if you have a passion for reality tv, womens magazines or if you have a child with a bogan name such as Alivia, Alixzander, Amarly, Antwonet, Ararahbella or Sierra-Leonie.
Brilliant piece by Matt Taibbi of Rolling Stone – I have said it before and I will say it again – Taibbi is the best finance journalist going around today. All the rest seemed to be boring hacks who try and conjure up some postdictive bullshit as to why something happened as opposed to looking…
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