During the week we hosted a chat by a good mate of mine David Chia who along with his team managed about $500 mil. During his talk he said that when he and his team go to take a trade they adopt a step out process whereby they consider the reasons as to why someone…
Here are some interesting statistics from the Baker IDI Heart Attack and Diabetes Institute survey of 1000 heart attack survivors. 1. One in 10 survivors admitted to smoking. 2. Six out of 10 don’t have a healthy diet. 3. Four out of 10 didn’t follow their doctors advice to improve their health. 4. Three in…
This explains a lot about many of the people I have met…. Fourth-year finance students in Barcelona have no clue about the independence of coin tossing events. FYF students like to play mind games with their professors. FYF students believe in telekinesis. FYF students believe in supernatural forecasting abilities. (N.B. This would explain much Wall…
I had thought of doing a year in review table that looked at the returns from various assets but I have always found this sort of thing to be bullshit and the preserve of financial journalists. There is stuff all value in telling people what you can see in your rear view mirror. The major…
Anderson Silva has rightly been regarded as the preeminent MMA fighter of his generation. Unbeaten in seven years it was thought he would make short work of his latest challenger. As is his style Silvan arrogantly bobbed, weaved and taunted his opponent to hit him…and his opponent obliged him. There are times when you can…
Here are two pieces of information that I find oddly juxtaposed. The first is a list of broker recommendations for Apple – no prizes for guessing that they have been recommending it all the way down. And this is notable staff trading in Apple. What to make of it – undoubtedly nothing. However, it is…
Gareth Cook: What is the biggest misconception people have about the relationship between money and happiness? Michael Norton: One of the things that my coauthor Liz Dunn and I hear again and again when we ask people about money and happiness is a simple phrase: more is better. In general, we all believe that having…
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