The most telling part of the piece – The least-gifted children of high-income parents graduate from college at higher rates than the most-gifted children of low-income parents.” No doubt this is a universal phenomena. The graphic below shows that the raw material for being successful is evenly distributed across socio-economic groups but the expression of…
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More here – Scuba Diving
With the US market having a conniption overnight I thought I would play with excel at look at those periods where the market had fallen by 2% or more in a session. The first thing I noticed was how few falls there are of this magnitude or greater even going back to 1950. As you…
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I got this little mailer from IG Markets and it contained the following closing paragraph. The lesson the day is…..read your history it is surprising what it tells you about today.
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Given that they are run by people it shouldn’t be any surprise….. J F C Fuller did not invent the tank. That distinction should probably fall to E L de Mole, an Australian who approached the British war office in 1912 with a design that was — in the words of historians Kenneth Macksey and…
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A new study has found more than 250 people have died in pursuit of a perfect selfie. The study published by the Journal of Family Medicine and Primary Care journal (and republished by the National Library of Medicine in the States) looks into how many of us social media obsessed plebs are dying for the ‘gram. Led by…
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One of the things that most surprised me when I moved into finance as a profession (I use the term loosely) was the stunning lack of evidence for most of the things that were spoken about. My observation was that this lack of substantiation seemed to be a vertically integrated industry. Nobel Prizes were handed…
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In science, 1905 is known as the annus mirabilis, or “miracle year,” the period when Albert Einstein, at the age of 26, published several discoveries that changed physics forever. By the summer of that year he’d explained Brownian motion, discovered the photoelectric effect (for which he won a Nobel Prize), and developed the theory of…
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At last some good news……. People too often forget that IQ tests haven’t been around that long. Indeed, such psychological measures are only about a century old. Early versions appeared in France with the work of Alfred Binet and Theodore Simon in 1905. However, these tests didn’t become associated with genius until the measure moved…
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