The Stock Market Is Not The Economy
As last year drew to a close and Christmas loomed large on the horizon I sat down with Bushy Martin of the Get Invested podcast series to reflect on the year that was and offer my thoughts on the year to come. Click this link to be taken to the episode.
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Safe Havens
Within trading there are a few implicitly stated rules – perhaps first and foremost of these is the acceptance of risk for the opportunity to profit. The balancing act between risk and reward has over the decades been fertile ground for academics to traders. Academics seek a mythical middle ground that defines an appropriate balance…
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Bitcoin and Gold Are Monuments To Irrationality
With worries about a currency war growing and bond yields collapsing, investors have reached for their usual haven of gold. Only this time it has a friend (as my colleague Tim Culpan wrote this week): Bitcoin. Gold’s dollar price has risen 7% this month, Bitcoin’s by 18%. This apparent use of the two commodities as companion…
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Survivor Bias Silliness
Survivor bias is a perennial problem in systems testing. Put simply survivor bias is the logical fallacy of ascribing a value to something that has past a given bench mark or hurdle by virtue of longevity. In doing so you overlook those things that have disappeared along the way. For example lets assume I was…
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Reasons For Crypto Exchange Shutdown
Source – Autonomous Next
The Profound Amateurishness of All Things Crypto
Canadian crypto exchange QuadrigaCX says it cannot repay most of $262 million in client holdings after its founder Gerald Cotten, the only person who knew the passwords to its “cold storage,” unexpectedly died in India in December 2018, Coindesk reported on Friday. In a sworn affidavit with the Nova Scotia Supreme Court, widow Jennifer Robertson…
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