My wife does yoga, which if you met her family you would realise that is not the only form of mental illness her family. Some of the people she does yoga with are prone to what I would call demented magical thinking. You know the type, we never went to the moon, the contrails planes generate at…
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Apparently, the world ends for stockmarkets in September a fact that will no doubt be picked up and repeated by our local finance news peanuts without giving any thought to what they are copying. So I thought I would fire up the old dodgy spreadsheet and see if there were any seasonal differences between the…
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He highlighted an experiment he carried out some time ago at his university where half of the students were given a chit saying they were entitled to a pencil and half did not. The two groups could trade as buyers and sellers. While traditional economic theory said the market should clear with half the pencils…
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I know I bang on about this constantly but WTF? The majority of hedge fund managers polled by Preqin saw their assets increase in H1 2014, thanks in part to allocations from high-net-worth individuals, as industry assets hit $2.9 trillion. A full 64% of the 100 hedge fund managers polled by the hedge fund…
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Even though the Ferrari 250 GTO, recently auctioned by Bonhams during the week of the Pebble Beach Concours d’Elegance, didn’t reach the sums speculated but instead sold for ‘only’ 38 million dollars, the growth trend in the classic car market has certainly not lost momentum. On the contrary, more and more people are interested in…
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Brookings Fellow Richard Reeves explores inequality and opportunity in America with Legos, using them to explain the chances for economic success of Americans born at the bottom of the economic ladder. Reeves shows the chances that the poorest fifth of Americans have to rise to the top, based on their race, the marital status of…
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