A lesson in probability
People are by and large very poor statisticians – the notion of clusters is very hard for us to accept.
Wonderful Piss Take
Thomas Friedman is a columnist with a not entirely undeserved reputation for hyperbole, outlandish metaphors and just getting it wrong. This is written in the style of Friedmand writing on the current schism in Egypt.
DetailsSecret life of an Icelandic Flight Attendant
Secret life
Information
–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…
DetailsQuantitative Easing Explained
So much clearer now
Time management podcast
This is an interview by Dan Ariely one of my favourite behavioural economists. Yes Damn Effect Interview
DetailsRisk
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…
DetailsTrend Trading Strategy Is Biggest Winner in $4 Trillion Currency Market
Courtesy of Bloomberg
