The chart below is from a site called Spurious Correlations, it takes seemingly disparate facts and matches them together to create the illusion of a positive correlation. It is a simple and effective way of illustrating the problem of mistaking causation for correlation which is constant problem in the way people both think and view…
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Here is a chart of Downer EDI (Dow) If you bounced into this on the breakout from congestion well done, you got a nice trade and then it all went pear shaped. DOW have apparently launched a bid for Spotless which I mentioned last week. This bid entails a capital raising whereby for every 5 existing…
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This was the question I was considering whilst sitting in my gyms cafe after my workout watching the various comings and goings. I tend to live a life of routine and after lifting on Sunday I head downstairs to cafe and have a cup of tea, toast, vegemite and a fresh orange juice. During this…
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Insisting on perfect safety is for people who don’t have the balls to live in the real world. Mary Shafer -NASA Dryden Flight Research Center, Edwards, CA SR-71 Flying Qualities Lead Engineer I stumbled across this quote and thought it was the most perfect description of what is required for trading. If you dont have…
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A few minutes after Neil Pasricha learned his wife Leslie was expecting their first child, he got an idea for a book. They were sitting on a plane returning to Canada from a trip to Asia when a flight attendant handed them a plastic-wrapped muffin with a scrap of paper that read, “Congratulations!” Leslie had…
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This popped up on my feed this morning. Long story made short. All analysts say Spotless is a bust, one analyst says no you are all dickheads – its actually worth $1.15. Spotless halves and then through a fluke gets a takeover bid lifting prices to $1.05. Analyst who said it was worth $1.15 is hailed…
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Nestled in a grassy valley of north-western Namibia, Opuwo may seem like a crumbling relic of colonial history. With a population of just 12,000, the town is so small that it would take less than a minute to drive from the road sign on one side of town to the shanty villages on other. Along…
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A mate of mine sent me the clip below. I am an unabashed fan of combat sports. I accept that they are violent in tone and to the outsider appear brutal with potentially devastating long term consequences for the participants. Anyone who has ever been hit in the head can attest to how awful it…
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