Its a shitty day in Melbourne, so with nothing better to do I decided to fire up excel, download a bit of data and see what I could learn. Anyone who has spent more than 10 minutes on this blog will realise that I am fascinated by mechanisms of generating excess return with minimal cost…
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“I am grateful, not in order that my neighbour, provoked by the earlier act of kindness, may be more ready to benefit me, but simply in order that I may perform a most pleasant and beautiful act.” More here – Brain Pickings
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In 1941 Japan possessed the most powerful fleet air arm in the world, its pilots and aircraft were second to none and they had introduced the world to the power of the carrier battle group. The 1st Air Fleet of the Imperial Japanese Navy which was also known as the Kido Butai had devastated Pearl…
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Honnold is history’s greatest ever climber in the free solo style, meaning he ascends without a rope or protective equipment of any kind. Above about 50 feet, any fall would likely be lethal, which means that, on epic days of soloing, he might spend 12 or more hours in the Death Zone. On the hardest…
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Every now and again you hear of someone who managed to win the lottery with their magic scheme, you might even hear that some mathematician has found out what numbers are most likely to be drawn. When I hear of such things I am always amazed that said mathematician seems to confuse lucky with random…
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In the first quarter of last year I begin to tinker with my short term system – in fact the tinkering was so extreme that it essentially became a brand new system. Fortunately, this tinkering coincided with a the onset of a new financial year so I have a full year of data to review…
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Long story made short – fund managers from poor backgrounds make better fund managers than those from wealthy backgrounds. Which does make sense when you think about it not only in terms of drive and the will to succeed without a safety net but also a greater understanding of the need to husband resource. Abstract…
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