Quote Of The Day
“Become more humble as the market goes your way.” – Bernard Baruch
Bloomberg Billonare Index
More here – Bloomberg
They say runners need flexibility, but you may be surprised at the latest thinking
For years, runners have believed that their sport makes them too tight and that they should turn to yoga to lengthen their muscles, become more flexible and thereby develop into better runners. It turns out, though, that the opposite may be true: Coaches and physical therapists now say that bending like Gumby may, in fact,…
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Another Great Australian Tradition
In Australia we have a number of traditions. The long weekend, a sausage sizzle at Bunnings and the latest – the whinging billionaire. The leaders of this pack of privileged complainers has to be Gerry Harvey who in the past two weeks has suggested that his stock in the grip of an evil an unidentified…
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Nothing To See Here
With a free afternoon I decided to look at the individual performance of stocks that make up the ASX 200 since the beginning of the year. What I did was assume that you invested $1.00 into each on the first trading day of the year and then see what their current valuation was. The table…
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You’re a completely different person at 14 and 77….No Shit Sherlock
Look at a photo of yourself as a teenager and, mistaken fashion choices aside, it’s likely you see traces of the same person with the same personality quirks as you are today. But whether or not you truly are the same person over a lifetime—and what that notion of personhood even means—is the subject of…
DetailsMining Industry
I have been thinking about this table I put up the other day. It merely confirms my view that the mining industry is an historical economic distortion that is vastly overrated in its importance. Employing less that 2% of the Australian workforce (see below) and only contributing about 6% of GDP yet receiving about $10B…
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