Alpha 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…

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Once Upon A Time

I often ponder the ability of society to deal with the challenges that it faces, everything from alienation of the individual to degradation of the environment gets a look in. My general conclusion is a depressing one, to put it succintly we are screwed – the reason for this conclusion is simple….IKEA. That’s right a…

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Commodities

The following dropped into my inbox this morning – it shows the long term performance of the main DJ-UBS commodity indices. It makes a compelling case for the inclusion of commodities into any portfolio.The interesting thing about these indices is that they trade as equities – as such they give investors easy access to commodity…

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Clarity

When I started trading there was one market – the local one, it was impossible to trade anything else because the technology simply didn’t exist to allow it. Any orders from overseas came in via telex and everything was done by paper transaction. One of the brokers I worked for even had a an employee…

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