What are the lives of the planet’s wealthiest people really like? Several years ago, sociologist Brooke Harrington decided to find out. What’s It Like To Be Rich? Ask The People Who Manage Billionaires’ Money She knew she’d have a hard time gaining access to the world of the über wealthy, so she did something unusual:…
I had occasion the other day to take the bus into be detailed by someone who knows what they are doing as opposed to detailers employed by car yards, who all seem to be 16 years with no a clue as to how to use a buffer. My detailer is not that far from my…
Episode Info Here’s a controversial statement: contemplating your mortality will make you happier. Frank Ostaseski is a pioneer in end of life care and holds this to be true. Frank co-founded the Zen Hospice Project, the Metta Institute, and is the author of The Five Invitations: Discovering What Death Can Teach Us About Living Fully.…
I have several junk email addresses that get all sorts of things sent to them seemingly at random and today was no except. I get an email from a group touting their wares so I decided to have a look at their website seeing I had nothing better to do. They offer all sorts of…
Apparently financial advisers give shit advice because that’s the advice they give themselves….. Abstract A common view of retail finance is that conflicts of interest contribute to the high cost of advice. Using detailed data on financial advisors and their clients, however, we show that most advisors invest personally just as they advise their clients.…
This is a neat little graphic from US Global Investors that enables you to slice and dice commodity returns for the past decade.
People with a lot of self-control — people who, when they happen upon a delicious food they don’t think they should eat, seemingly grin and bear the temptation until it passes — have it easy. But why? For a long time, the thinking was that these people are good at inhibiting their impulses. That they…
Crowds of humans can be very good at solving certain kinds of problems. If, for example, you wanted to guess how many bacteria live in Lake Erie, you’d be better off asking a random group of people and averaging the result than trying to answer the question alone. But what if you could be your…
CT barged in my front door and made a bee-line for my chocolate supply. After getting his fix, I noticed he had a curious glint in his eye. “Have you checked your letter box today?” he nonchalantly asked. I dutifully loped out of my front door… and… What the HECK was this? In the driveway…
Apropos all the post- dictive self congratulatory tug fest that seems to be going on within the finance industry particularly within the financial media I offer the top things I learnt last week. Market go up and market go down. If you cannot understand that as a basic premise then being involved in markets is…
Traders are often afflicted by many psychological maladies, foremost amongst them is their remarkably short memories. This is particularity true on the sell side of the industry where those flogging various products seem to have the attention span that is worse than a goldfish. Allied to this is the basic thickness some people have when it comes…
In a world where investors are flocking to dirt-cheap index funds and comparatively low-cost smart-beta and quantitative options, active managers are under intense scrutiny to outperform — and earn their heftier fees. To that end, they’re looking to a slew of new tools, including portfolio analytics software, to help them gain an edge in the…
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