The Always Entertaining Hugh Hendry
Hendry on misbehaving
Now We’re Talking
This is a headline to brighten the day of anyone caught up in the Man Financial debacle Chinese Fund Managers Sentenced to Death after Cheating Investors out of 1 Billion USD More here
DetailsWhy Dont Woodpeckers Get Headaches?
This is a question I have wanted ot know the answer to for decades. Apparently someone else was thinking about this as well. Head injury is a leading cause of morbidity and death in both industrialized and developing countries. It is estimated that brain injuries account for 15% of the burden of fatalities and disabilities,…
DetailsWTF Would You Do With This?
I have frequently kicked equity analysts in the nards – the reason being their analysis is rubbish and of no fundamental use to anyone. In fact it acts as a drag on the performance of individuals and institutions. Consider this Technical and Macro Market Update How does this in any way assist in the decision…
DetailsMurmuration
If you have ever wondered how markets work or how simple behaviours can lead to vastly complex outcomes consider this video on murmuration in starlings. Murmuration is simply a gathering of starlings – this behaviour is rarely caught on film but it is the product of two simlpe rules. Keep up and don’t bang into…
DetailsA History Of The Brain
Well worth the time
Confusion Reigns
Traders make trading harder than it should be – it seems that all traders move towards a point of maximum complexity, followed closely by maximum confusion. Listening to a lot of the chatter recently people seem to be trying to trade when there is no clear reason to be trading. There is no rule that…
DetailsAnalysts And Other Losers
Apropos my last piece on superfunds I was pondering why they are so ordinary and I remembered a piece I did on this many years ago which I have reproduced below. Wall Street relies on “stock analysts.” These are people who do research on companies and then, no matter what they find, even if…
DetailsThere is Crap Performance and Then There Are Superannuation Funds
Whilst munching on my toast and vegemite and playing with my tablet (not a euphemism) I saw this neat little paragraph on news.com.au – Superannuation fund analyst Superratings’ figures show that annual returns for the median “balanced” super fund sector, which accounts for about 80 per cent of Australia’s $1.3 trillion super industry, averaged just…
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