Murmuration

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…

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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…

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Arseholes

The Telegraph – Staff are understood to have received quarterly bonuses last Monday. It is not clear whether the bonuses were also received by staff in the US. The news is likely to anger those MF Global customers who have still been unable to access money they held with the broker It is not surprising that…

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