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–Freeman Dyson, How We Know, March 10, 2011 “In the twentieth century, genomes of humans and other species were laboriously decoded and translated into sequences of letters in computer memories. The decoding and translation became cheaper and faster as time went on, the price decreasing and the speed increasing according to Moore’s Law. The first…

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Handshake

When I was a broker there used to be a saying that my word was my bond – I tended to take this quite seriously since my upbringing had been one that instilled a sense of honour in all tasks. Pity others I worked with didn’t see it the same way but thats life in…

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Risk

If I pose a general question to traders and ask them to define risk in a trading sense, I will generally get an answer that states what their percentage risk on a given trade is. This is not an incorrect answer – it is merely an incomplete one. Risk within markets is a multi variant…

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Fund Managers

If ever you have wondered why fund managers are so universally ordinary at their jobs – other than clinging to outmoded ideas such as the EMH and associated rationality concepts this might give you an idea. Do Fund Managers Identify and Share Profitable Ideas? Abstract We study data from an organization in which fund managers…

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Booko

I have whinged before about the cost of books and DVDs in Australia. The predominant business model for retailers of such wares has been based upon the concept of ripping people off for as much as possible. Fortunately, as the long overdue demise of both Borders and Angus and Robertson has shown consumers are becoming…

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