Timeline Of The Greek Crisis
I mentioned the other day that I was surprised that the Europeans were surprised that the Greeks had gone to the wall. This timeline explains why I was surprised. As you can see this is a long standing problem.
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The Psychology Of Risk
Source – HANDBOOK OF FINANCE: VOLUME 2: INVESTMENT MANAGEMENT AND FINANCIAL MANAGEMENT, Frank J. Fabozzi, ed., John Wiley & Sons, pp. 85-111, 2008
Those Sneaky Swiss Bastards
Like many investors, Mr. Bolz’s firm had a bet against the franc in its portfolios, which lost money on the currency’s sudden surge. It hasn’t made any meaningful bets on moves in the currency in the last few months, he said. An uneasy calm has emerged as investors show more caution. Volatility has all but…
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A Picture Paints A Thousand Words
This was attributed to Frederick R Barnard in Pinters Ink (1921). So here are 1300 give or take words on gold and one picture.
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A Few Random Thoughts
These are some random thoughts I have been putting together following the events of last week. 1. Markets move from manic to panic within a few sessions. Those who still cling to the outdated notion that humans are rational assume that when markets transition they do so in an orderly fashion. The thinking is that…
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