US Tax Rates
Interesting that our top tax rate of 45% kicks in at $180,000.
John Cleese On Creativity
This blog picks out the eyes of Cleese’s presentation but it is worth sitting though the entire thing.
Sheep
Someone dropped this wonderfully insightful image into my inbox this morning. Apparently it dates back to 1908 – my interpretation of this is that sheep, be they those who just follow or those without a committed opinion get run over by those that do when markets begin to move.
A Century of Forecasting
If I am reading this correctly, what they are saying is that forecasting is a waste of time. Perhaps they should have consulted the extensive work of Philip Tetlock before going to the trouble.
Remarkable Data
I have mentioned before the lack of data regarding real estate which is one of the reasons why it is hard to take any short term pronouncement about real estate seriously. There simply isnt enough quality data to make these sorts of judgments and this situation would obviously be of benefit to land rats since…
DetailsA Bit of History
Ok blogophytes – time to learn something. If I were to ask a room full of traders what is the main rule you pay lip service to, I say lip service because most dont do it. It would be – Cut your losses and let your profits run The interesting thing about this phrase is…
DetailsWhy Are People So Friggen Stupid?
Last night I had the misfortune to catch some of the evening news whilst wandering in and out from the BBQ. During one of my kitchen runs I heard that housing in my area had suffered a MASSIVE 6% fall. This news was of course delivered by a dolly bird with a bra size bigger…
DetailsHow To Cock It Up
Golf is like trading – it is won by the person who makes the fewest catastrophic mistakes. In managing to achieve this you need to know when to leave well enough alone. This is an example of not knowing when to leave things as they are, put your ego in your pocket and live to…
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