UBS
The UBS situation explained.
Bridgewater…….Again
There seems to be a bit of a theme this week.
Twitter For Decision Making
Most people know my opinion about twitter – it is the intellectual equivalent of yelling things from a moving car. As such this attempt to to use twitter to track market sentiment doesnt thrill me too much. As an old stats tutor used to constantly drum into our not very bright heads – correlation does…
DetailsRay Dalio – Nothing Surprising’ About European Crisis
I have written about the interesting (somewhat bonkers) world of Bridgewater the colossal hedge fund. Its founder Ray Dalio has some interesting things to say about Europe and risk.
UBS
How do you inform your employees that one of them has flushed $2B down the toilet – like this. Dear colleagues, We regret to inform you that yesterday we uncovered a case of unauthorized trading by a trader in the Investment Bank. We have reported it to the markets in line with regulatory disclosure obligations.…
DetailsAlpha Or Beta
WSJ:One evening a week, a group of CEOs meets in a Manhattan psychiatrist’s office and engages in an ancient ritual. Ostensibly, it is a support group. Inevitably, it becomes a battle for dominance.”Whenever you put alpha males together, the most aggressive will overpower the others,” says T. Byram Karasu, the veteran psychiatrist who has run…
DetailsIntuitive Thinking
The marvels and the flaws that I’ll be talking about are the marvels and the flaws of intuitive thinking. It’s a topic I’ve been thinking about for a long time, a little over 40 years. I wanted to show you a picture of my collaborator in this early work. What I’ll be trying to do…
DetailsThe Political Impasse in Europe Explained With Lego
The toreador in a floppy hat, and the F1 driver with his helmet, represent Spain, Italy and the rest of the Euro Periphery. The three men with helmets, shields, and medieval weaponry represent the CDU, CSU and FDP parties in Germany. The blue-and-white sailor boy is Finland. Obvs. The woman with an oversized carrot and her friend in…
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