Ferrari’s New Hypercar
Courtesy of the good Dr Joe via Business Insider
Bullshit Baffles Brains In The Internet Era
The most scenic way to find truth on the internet is to drive north of Los Angeles on the Pacific Coast Highway, blue ocean foaming to the left, sunlit hills cresting to the right, until Malibu Canyon Road, where you take a sharp right and wind for a few miles through the oak-lined knolls and…
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S&P 500 Exceeds Forecasts – Punters Shit Themselves
The chart below has been doing the rounds today. It shows the S&P 500 versus analysts expectations for the index, as you can see analysts are a wildly optimistic bunch. Source – Bloomberg The reasons this has caused so much angst is that it now seems to portray Wall Street as being bearish because the…
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Can it be rational to overweight very unlikely events?
Using tools gleaned from behavioral economics to help people make better decisions is all the rage these days. This work is built on the theory that behavioral biases – like the sunk cost fallacy, status quo bias, or the tendency to give outsize attention to very unlikely events – are cognitive mistakes that are holding…
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The Rise And Fall Of Yahoo
The numbers in this are staggering as are the number of missed opportunities. More here – Visual Capitalist.
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Why Inexperienced Investors Do Not Learn
Why Inexperienced Investors Do Not Learn: They Do Not Know Their Past Portfolio Performance from Trading Game Pty Ltd
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Starting Dates
The post I did just now on luck got me thinking about the role of luck in trading – specifically the luck of your starting date. This ties in with a bit of playing around with annualised returns I have been doing in markets that have been rubbish. One of the issues with looking at…
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