In his 1930 essay “Economic Possibilities for Our Grandchildren,” the economist John Maynard Keynes predicted a 15-hour workweek in the 21st century, creating the equivalent of a five-day weekend. “For the first time since his creation man will be faced with his real, his permanent problem,” Keynes wrote, “how to occupy the leisure.” This became…
I saw the piece below on the news.com.au website and thought it was worth snipping as a discussion piece. There is no doubt that banks are arsheloes who for several years (decades) engaged in appalling business practices. These practices were brought to light by the recent Royal Commission and apparently were a complete surprise to…
An individual decides to drive home after an evening out despite being knowingly over the legal alcohol limit; before completing their journey they are stopped by the police and charged with driving under the influence. In a parallel universe, the same scenario occurs but with one key difference – prior to being pulled over by…
Have you ever wondered what makes someone a good athlete? Or a good leader? Or a good parent? Why do some people accomplish their goals while others fail? What makes the difference? Usually we answer these questions by talking about the talent of top performers. He must be the smartest scientist in the lab. She’s faster…
We always want to see people better themselves and get healthy. Last month, we wrote about how people are talking about going to the gym, even though their actual foot traffic to the gym was questionable. But as January rolled on and February settled in, it appears that many New Years resolutioners have not transitioned into regulars. At…
By saying that it is hard being human I am not referring to the day to day minutia of working, paying bills, interacting with others or the collapse towards entropy that we call ageing. Rather I am referring to understanding the world in a logical, data driven manner. Over the years I have come to…
I came across this chart on LinkedIn – It is a comparison between the Baltic Dry Index and the S&P500. For those who dont know the Baltic Dry Index is a proxy for all dry shipping around the world. Fundamental analysts then somehow contort this is to meaning something about world trade and occasionally you…
“Ignorance more frequently begets confidence than does knowledge: it is those who know little… Charles Darwin (side note people forget that Darwin was only 22 when he set out on the Beagle) And if you needed convincing – Extreme opponents of genetically modified foods know the least but think they know the most You could of course…
“I have no money at risk,” he responded to those questioning his approach in Reddit’s raucous “Wall Street Bets” group. “It literally cannot go tits up.” Famous last words. Even one of the group’s moderators pleaded, “DO NOT DO THIS,” pointing out the potential downside. But that didn’t stop 1R0NYMAN. In fact, he apparently managed…
While chasing a 2017 story about medical tourism and Slovakian stem cells that had already taken me to hospital facilities in Bratislava and Vienna, I wound up partying on a 283-foot yacht floating in the French Riviera. As I watched intoxicated rich people having expensive fun in their cheap white shower slippers — first rule of yacht club is…
On the weekend LB and I had the first meeting for this years Mentor Program and just before it was my turn to present I checked my laptop as I do to make certain everything was in order and it decided to show me nothing but a blank screen. Not a problem since I always…
Apparently according to Kevin Rudd, Ken Henry the now departed Chairman of NAB whose put up a stellar performance at the Royal Commission into banking where he suggested that anyone could overlook charging $100 million in fees for no service is a great bloke and a genius who helped Rudd avoid another great depression following…
THE WORLD SEEMS to be getting angrier… more short-tempered, more ready to fly off the handle. Whether it’s too much caffeine in their lattes, the housing prices, or the revolting traffic, people are on a short fuse. As a trader, you should aim for emotional stability in all aspects of your life – you can’t…
CHRIS TATE IS A difficult person to buy presents for. He seems to have everything he wants or needs already. So, for Christmas, I bought him a robot toy tank where you battle with another person’s robot tank. Every time you got ‘shot’ by your robot opponent, a small electric shock was delivered through the…
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