Question of the Week
Is it a dream or a goal because the two are vastly different.
What Crisis?
In somewhat of a similar vein to the post on scary charts I came across this piece yesterday – For the past 40-50 yrs, those years ended with “7?” always spell trouble. 1977? – International Currency Crisis 1987?- Oct 19 Black Monday Crash 1997?- Asia Financial Crisis 2007?- US sub-prime Crisis 2017? – ? There…
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The Unfortunate Rise Of The Misleading ‘Scary Chart’
Wish I had done this….. In early 2014 charts were circulating around the internet comparing the 2014 market to 1928-1929. One such chart is shown below. The below chart was taken from an article that highlighted the fallacy of these comparisons. In fact, this type of scare tactic infiltrated the main stream media where a…
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A psychologist explains why we’re probably all delusional and how to fix it
Every once in a while, a friend attends therapy for the first time and starts breathlessly reporting all the revelations she’s learned. In many of these circumstances, it’s all I can do to stop myself from yelling that I, or any of her other friends, could just as easily have told her these same “discoveries.”…
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Why some billionaires are bad for growth, and others aren’t
A piece in the Fairfax press today referenced a book by economist Professor Paul Frijters called Game of Mates. In essence the books looks at both the political connnectness of billionaires, how this affects their wealth, the wealth of a country and their contribution to innovation. In short it found that billionaires in Australia are…
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A Roger Moore Story To Make Us Feel Better
As an seven year old in about 1983, in the days before First Class Lounges at airports, I was with my grandad in Nice Airport and saw Roger Moore sitting at the departure gate, reading a paper. I told my granddad I’d just seen James Bond and asked if we could go over so I…
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Its Not My Fault…But Then Its Never My Fault
Whilst sitting at my local this afternoon enjoy a cuppa and a Kit Kat I spied someone reading a piece about a company called SurfStich which to be honest I had never head of as it doesn’t sit within my universe of tradeable stocks. To save you the trouble of reading the article I can…
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This Really Shits Me
This little rant has nothing to do with trading so if you are not interested tune out now. I came across the article below whilst looking for something else and I thought it would be a good primer piece for people who wanted to know a little bit more about statistics since it uses neither…
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