More Reality
The chart below shows that the current drawdown on the S&P/ASX200 is 7.74% – the way it is being portrayed in the media you might think it was actually down 77.4%.
Energy Markets in Turmoil
PS:If you are like me and long the energy complex beware of confirmation bias in this otherwise excellent overview.
The Professor Who Beat Roulette
On a warm night in May of 1969, a throng of awestruck gamblers crowded around a well-worn roulette table in the Italian Riviera. At the center stood a gangly 38-year-old medical professor in a rumpled suit. He’d just placed a $100,000 bet ($715,000 in 2019 dollars) on a single spin of the wheel. As the…
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