In the past I had always been impressed with Steve Cohen, it seemed that he along with Jim Simons were among the tiny handful of hedge fund managers who deserved their wealth. Cohen appeared to actually generate alpha – that is a return well above his benchmarks. Now the image has lost some of its…
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MOST PEOPLE ARE discomfited by radical change, and often for good reason. Both the first Industrial Revolution, starting in the late 18th century, and the second one, around 100 years later, had their victims who lost their jobs to Cartwright’s power loom and later to Edison’s electric lighting, Benz’s horseless carriage and countless other inventions…
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The current issue of Chance centres around the role of statistics in sport. Interesting if you are into that sort of thing – deadly dull if you are not.
I get emailed any number of things on a daily basis – in between brokers begging for business and land rats who do not understand that four bedrooms and a pool does not mean a one bedroom bedsit I get some weird shit relating to trading. The latest piece of oddness to hit my inbox…
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