Every time I have the misfortune to accidentally be within earshot of a US news broadcast regarding markets it seems I am assailed by the magic 52 week high. The thinking behind this metric is quite sound – if stocks are making new yearly highs then the market is sound. Being a cumulative index it…
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The transcript of the entire interview can be found on the 60 Minutes site. However, I had trouble getting their embedded videos to play in Chrome.
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“Inspiration is for amateurs — the rest of us just show up and get to work,” Chuck Close scoffed. “A self-respecting artist must not fold his hands on the pretext that he is not in the mood,” Tchaikovsky admonished. “Show up, show up, show up, and after a while the muse shows up, too,” Isabel…
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Who would have guessed that?
Not certain what the relevance of this is other than interest only. Source – VisualisingEconomics.com
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Here are some general pieces on inequality for your weekend reading. The New Yorker – ……..Piketty believes that the rise in inequality can’t be understood independently of politics. For his new book, he chose a title evoking Marx, but he doesn’t think that capitalism is doomed, or that ever-rising inequality is inevitable. There are circumstances, he…
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Nobel laureate Robert Schiller talks about bubbles, busts and what he thinks drives markets.
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Bad news for endurance athletes. As a 10-mile-a-day runner, Dave McGillivray thought he could eat whatever he wanted without worrying about his heart. “I figured if the furnace was hot enough, it would burn everything,” said McGillivray, who is 59. But a diagnosis six months ago of coronary artery disease shocked McGillivray, a finisher of…
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