With them dropping Bond into a box today I thought it was a good time to reflect and reminisce on the 1980’s. One of the good things about having been around so long is that you get a keen sense of the history of the markets – this is one of the things the fly…
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This got a run sometime ago but following a conversation I had during the week it deserves another go.
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Thaler has a mischievous mind. At the same time that he was producing his math-heavy dissertation, he started asking people two questions. The first: How much would you pay to eliminate a mortality risk of 1 in 100,000? The second: How much would you have to be paid to accept a mortality risk of 1 in 100,000?…
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One of the great problems that traders of any size and ilk face is the notion of being taken seriously by friends, family and the community at large. Telling people you are a trader often conjures up all sorts of negativity, this process is not helped by the nonsense things that they read. This morning I…
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Someone had done very well for themselves. More here – The Verge
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I have always been a David Byrne fan. More here – StereoGum
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Click the pic.
In late 1950 the Korean War appeared to be heading to what seemed to be an inevitable UN victory. The North Korean army had been shattered and UN forces had moved swiftly through North Korea and were sitting just south of the Yalu River, which marked the border with neighbouring China. In a spectacular failure…
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