So much clearer now

This is an interview by Dan Ariely one of my favourite behavioural economists. Yes Damn Effect Interview

If I pose a general question to traders and ask them to define risk in a trading sense, I will generally get an answer that states what their percentage risk on a given trade is. This is not an incorrect answer – it is merely an incomplete one. Risk within markets is a multi variant…

Courtesy of Bloomberg

If ever you have wondered why fund managers are so universally ordinary at their jobs – other than clinging to outmoded ideas such as the EMH and associated rationality concepts this might give you an idea. Do Fund Managers Identify and Share Profitable Ideas? Abstract We study data from an organization in which fund managers…

I have whinged before about the cost of books and DVDs in Australia. The predominant business model for retailers of such wares has been based upon the concept of ripping people off for as much as possible. Fortunately, as the long overdue demise of both Borders and Angus and Robertson has shown consumers are becoming…

I have whinged before about the cost of books and DVDs in Australia. The predominant business model for retailers of such wares has been based upon the concept of ripping people off for as much as possible. Fortunately, as the long overdue demise of both Borders and Angus and Robertson has shown consumers are becoming…

If ever you have wondered why fund managers are so universally ordinary at their jobs – other than clinging to outmoded ideas such as the EMH and associated rationality concepts this might give you an idea. Do Fund Managers Identify and Share Profitable Ideas? Abstract We study data from an organization in which fund managers…

This is the relative performance of various commodities over the past month. Notice how silver has leapt ahead of the pack and crude is starting to really motor.

Whilst this article pertains to the situation in the US you can apply it locally. Just throw in a total lack of funding, ferocious brain drain a political landscape dominated by lawyers  who don’t have the intellectual capacity to understand 99% of science and engineering do and you have the situation in Australia. The Real…

Whilst this article pertains to the situation in the US you can apply it locally. Just throw in a total lack of funding, ferocious brain drain a political landscape dominated by lawyers  who don’t have the intellectual capacity to understand 99% of science and engineering do and you have the situation in Australia. The Real…

This is the relative performance of various commodities over the past month. Notice how silver has leapt ahead of the pack and crude is starting to really motor.