Abstract This paper compares mortality between Gold and Silver medalists in Olympic Track and Field to study how achievement influences health. Contrary to conventional wisdom, winners die over one year earlier than losers. I find strong evidence of differences in earnings and occupational choices as a mechanism. Losers pursued higher-paying occupations than winners according to…
What prompted me to revisit this topic this is that once again my inbox is being bombarded with stuff about the magic of ETFs – it seems the gloss has completely gone from cryptos so we are back to old standard. The problem with most of these genius ideas is that they lack depth –…
I am in the process of finishing up my presentation of the IFTA conference in Kuala Lumpur in October. My topic is a bit of an exploration of volatility and how it is incredibly poorly understood by most. Whilst in the throws of banging together charts I generated the one below of the S&P/ASX 200…
The opinion research organization Ipsos MORI conducted a detailed survey of 26,489 people across 28 countries that gives us an answer.1 Most people think global poverty is rising when in fact the opposite is happening The first chart shows how the surveyed people answered the following question: “In the last 20 years, the proportion of the world…
Whilst there is an undoubted convenience to digital music there is also something missing from this distribution form. Back in the day owning a record was a cultural experience that was shared by those around you – this was particularly true of owing albums. An album crafted a narrative that went beyond the music and…
I have had a bit more fun playing with indices and the theoretical rate of returns they generate over the long term. This time I wanted to look at a different segmentation within the market – I split the All Ordinaries Total Return and the Small Ordinaries Total Return and looked at their relative return.…
Sean K came up with a brilliant traders playlist in the MP forum Mindset:- Hang in Long enough – Phil Collins (love the sentiment…) Comfortably Numb – Pink Floyd (the impassive, unemotional state we aim for as traders) Learning to Fly – Pink Floyd (reaching for higher goals) Dreams Don’t Turn into Dust – Owl…
Fittingly, @IvanBrackenbury's Hospital Radio had us in stitches… pic.twitter.com/fiWjxV9YI6 — Channel 4 (@Channel4) 13 August 2018
I have snipped the abstract below from this paper – The Lure of Incredible Certitude Forthright characterization of scientific uncertainty is important in principle and serves important practical purposes. Nevertheless, economists and other researchers commonly report findings with incredible certitude, reporting point predictions and estimates. To motivate expression of incredible certitude, economists often suggest that researchers…
Working from home can be a coveted perk, allowing you to opt out of rush-hour traffic and eliminate the tedious banalities of office life. But it can also cut you off from the spontaneous interactions that can spark new insights (part of the reason Marissa Mayer famously rescinded Yahoo’s telecommuting policies). And, at times, the solitude may lead to…
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