My news reader picked up this little piece this morning – Trio of Strategists Agree S&P 500 to Reach Record in 2013 Bank of America Corp.’s Savita Subramanian yesterday joined Citigroup Inc.’s Tobias Levkovich and Bank of Montreal (BMO)’s Brian Belski in predicting the benchmark gauge for U.S. stocks will top the high of 1,565.15 set on…
It often surprises me that we dont seek to learn from the best in the world but rather that we slavishly copy the worst in the world. It is quite clear by many measures that Finland has one of the worlds best education systems. It produces outcomes well beyond our own which seems to be…
Markets are good at telling you what the real story is. Watching price is not like listening to someone tell a story since people place their own filters on the information they receive and then filter it again for public consumption. People tell themselves what they want to hear and what they think will be…
I was having tea and toast this morning when I spied this quote from Gerry Harvey…… HARVEY Norman executive chairman Gerry Harvey says industry conditions remain dire and he expects more retailers will go bust next year after the Christmas sales are over. ”There are more retailers currently under pressure than I’ve ever seen ……
By mistake I caught an item on the news about the ongoing battle of immunisation which to me seems to be a war being fought by people with a deep understanding of risk and the immunological basis of vaccination and idiots. This graphic sums up the later group. Source – This is Indexed This…
One of the most maligned ideas in economics is the efficient market hypothesis, perhaps because what is actually a rather technical statement about financial market returns is conflated with some entirely different claim about the superiority of free markets over government dirigisme. The EMH has various forms, but in brief its message is very simple:…
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