About how good things have been consider this months top 10 performing global indices. The most impressive gain has been by the major Venezuelan index which is up an astonishing 99% – which is not bad for a country that is going down the gurgler.
It’s astonishing to me how some ideas endure even when it’s obvious that they are no longer relevant,” Dan Ariely writes in his latest book, Payoff: The Hidden Logic That Shapes Our Motivations. A professor of psychology and behavioral economics at Duke University, Ariely relentlessly examines our assumptions about ourselves—and finds they’re often totally misconstrued.…
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In 1979, psychologist Ellen Langer and her students carefully refurbished an old monastery in Peterborough, New Hampshire, to resemble a place that would have existed two decades earlier. They invited a group of elderly men in their late 70s and early 80s to spend a week with them and live as they did in 1959,…
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A little bit of market history…. This week we’re thinking about what it means to be a trader in today’s electronified markets and contrast it with trading in the era of horse and buggies. That’s right, we’re going back in time to talk mule trading and the story of the legendary Ray Lum, who spent…
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Someone who clearly doesn’t know me very well sent me this meme. Apparently, it is from one of our many cognitively challenged politicians suggesting that the unemployed should all go into the armed forces. Whilst, it is a profoundly stupid idea as we will see in a minute it will no doubt play well with…
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That’s because the area’s wealthiest residents, scientists all, work for the quantitative hedge fund Renaissance Technologies, based in nearby East Setauket. They are the creators and overseers of the Medallion Fund—perhaps the world’s greatest moneymaking machine. Medallion is open only to Renaissance’s roughly 300 employees, about 90 of whom are Ph.D.s, as well as a…
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And two why its not. Its got four doors and only six cylinders…. BMW introduced its legendary M3 in 1986. The $64,000 four-door basically created the then-novel “sport sedan” segment. In the years since, it has maintained its dominance with supreme handling, punch-perfect power, and businesslike good looks—and has rightfully been embraced by wealthy professionals as the best…
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