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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The life of a scientist.

Whilst this article pertains to the situation in the US you can apply it locally. Just throw in a total lack of funding, ferocious brain drain a political landscape dominated by lawyers  who don’t have the intellectual capacity to understand 99% of science and engineering do and you have the situation in Australia. The Real…

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What to do?

We have recently started a new mentor program and the new crew are quietly beavering away at their tasks. During this process the question was raised of what to do when you you have a position where price gaps beyond your stop. The stop in this instance was not automated so no immediate action was…

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Metals

Some interesting developments in metals. Palladium – stopped out after three month run. The entire bullmarket in palladium has thus far lasted since August last year. No signal to go short yet. High Grade Copper – tipped out last session – took off at the same time as palladium. The initial part of this trend…

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Lotto Loser?

To call Michael Carroll a loser or any other name that might be deemed appropriate for someone who manages to blow $15mil is an easy thing to do but in many ways it is a simplistic judgement. Certainly reading the article gives a sense of someone completely out of control. However, this is not an…

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