Jack Schwager Interview
Jack Schwager is interviewed by Micheal Martin about his new book Hedge Fund Wizards.
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This Country Is Stuffed
If you have ever wondered why this country is stuffed consider this little incident from the weekend. Yesterday was the mid point meeting of our Mentor Program, during the lunch break LB and I are busy doing stuff in the room and dont have time to go down to the restaurant for lunch. To fix…
SEC: Taking on Big Firms is ‘Tempting,’ But We Prefer Picking On Little Guys
More from Matt Taibbi the best finance journalist around at present It’s by now been well-established that the S.E.C.’s performance in policing Wall Street before, after, and during the crash has been comically inept. It would be putting it generously to say that the top cop on the financial services beat has demonstrated particular incompetence…
No Love For Stocks
Snipped this out of the WSJ It follows on from a discussion we have been having in the Mentor Program about the impact of longer term changes in volumes might have on the market. To be honest I ma not certain what to make of it. Whether it reflects a structural change in the market…
What Happens When Greece Goes Tits Up
Brilliant little graphic from the FT – click image for interactive chart.
Things I Am Reading
How Neuroscientists and Magicians Are Conjuring Brain Insights The Neuroscience of Effort Robbie Adams: Recording U2′s Achtung Baby & Zooropa We’re creating a culture of distraction
One In Ten Are Cretins
Whilst eating my vegemite and toast this morning I heard on the radio that one in ten people believe the Mayan prophecy that the world will end on December 21 2012. If this is true then these folks should be rounded up and quarantined from the rest of us, as should their children because being…
Bear Market Duration
So I was sitting on my arse in front of the idiot box last night enjoying the cinematic delights of Moby Dick 2010 on the Universal channel which runs mockbuster mayhem evenings. Which if you have cable you have to check out. They are friggen hialrious. Any way in one of the ad breaks –…
Time To Go All Philosophical
So gather round for a group hug followed by inappropriate touching. These were bounced to me this morning. I believe they are called The Paradoxical Commandments by Kent Keith circa 1968 – amazing what you can find on google. It does have a distinctly 60’s feel to it. I do note that the date of…
Did a Stuck Quote Prevent a Facebook Opening Day Pop?
Nanex ~ 25-May-2012 On 18-May-2012, within seconds of the opening in Facebook, we noticed an exceptional occurrence: Nasdaq quotes had higher bid prices than ask prices. This is called a cross market and occurs frequently between two different exchanges, but practically never on the same exchange (the buyer just needs to match up with the seller,…
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