Back When Boxing Was Beautiful
Nothing Will Happen Until….
The broader US market moves out of the congestion it has been in for most of this year.
How Good Of Them
Goldman Sachs Group Inc has told its summer investment banking interns not to stay in the office overnight in a bid to improve working conditions for its junior staff. The move, according to company sources and confirmed by a Goldman spokesman, illustrates how Wall Street banks are seeking to curb excessive hours worked by young…
Chris Hadfield On The Future Of Manned Space Exploration
I caught up with this one on the way back from the airport this morning. Well worth the 37 minutes just to listen to someone who has been there and done that in a big way. Click the player image to be taken to the podcast –
Billionaires Bunkers
Are you laying awake at night fearing the next zombie apocalypse? If so then you need your own bunker…. Vivos founder and CEO Robert Vicino announced Vivos Europa One which will be an invitation only, five star, underground survival complex, similar to an underground cruise ship for the elite. Each family will be provided a private…
All Bubbles End With A Bust
One of the charts I occasionally look at is the RBA cash rate – I do so not because I think it is of any value whatsoever in making trading decisions but because it a wonderfully instructive prism through which to look at the psychology of people making long term investment decisions. The chart below…
How The Marines Shaped Our Investment Philosophy
Serving in the Marine Corps was an unforgettable experience. Civilians often tell us “thank you for your service”; however, the real “thanks” is due to the Corps for giving us valuable life lessons. The not-so subtle teachings bestowed upon us by heavily muscled, insanely aggressive Marine Corps Drill Sergeants are still, literally, ringing in our…
The 1980’s
With them dropping Bond into a box today I thought it was a good time to reflect and reminisce on the 1980’s. One of the good things about having been around so long is that you get a keen sense of the history of the markets – this is one of the things the fly…
Its Friday
This got a run sometime ago but following a conversation I had during the week it deserves another go.
The Mischievous Science of Richard Thaler
Thaler has a mischievous mind. At the same time that he was producing his math-heavy dissertation, he started asking people two questions. The first: How much would you pay to eliminate a mortality risk of 1 in 100,000? The second: How much would you have to be paid to accept a mortality risk of 1 in 100,000?…
Seriously….WTF?
One of the great problems that traders of any size and ilk face is the notion of being taken seriously by friends, family and the community at large. Telling people you are a trader often conjures up all sorts of negativity, this process is not helped by the nonsense things that they read. This morning I…
The Most Valuable Car Collection Ever To Be Auctioned
Someone had done very well for themselves. More here – The Verge
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