Over the weekend I revisited this article from The Guardian It was the holy grail of investors. The Black-Scholes equation, brainchild of economists Fischer Black and Myron Scholes, provided a rational way to price a financial contract when it still had time to run. It was like buying or selling a bet on a horse, halfway…

People dont seem to bounce all that well

Humans were built to move – we did not evolve to sit on our arses. As a consequence we are not very good at sitting.

Quick pop quiz – I came across this whilst having brekky this morning. This to me looks like they have just photographed a toy boat in a pond.  

For some reason these drop into an email account I keep for getting rubbish. These are the guys who have the tendency to do odd things such as measure the current P/E of the S&P500 in turnips and then try and make some prognostication about the number of turnips now versus 16,000 years ago. I…

Thought I would drop this in before the close – should get the bulls a little excited.

Whilst having breakfast I came across this blurb from an individual who is wanting to move from the sell side of the industry to the advisory/money management. These are his rules for investing – Industries are under-analyzed, relative to the market on the whole, and relative to individual companies. Spend time trying to find good…

Someone bounced me the following quote from a newsletter by Richard Russell who is regarded in the US as somewhat of a doyen of predictive technical analysis. The worst kind of market is a market that goes down on good news. As I write, optimism is in the air, and the Dow is down 95…

The Mayans just might be onto something – I have seen the coming apocalypse.

Dilbert on active portfolio management