An Oldie But A Goodie
I was doing a bit of digging through my archive of bits and pieces when I found the graphic below.
DetailsNeat Summary.
If you want a neat encapsulation of how financial markets work and the inanity of much of what goes on and the post-dictive rationalisation that everyone employs. Then you should treat yourself to a New Years present from KAL a cartoonist for Economist
What A Dick
Its funny how things never really change – I used to know people like this in the 1980s when I was a broker. In fact it was decision to try and throw one of them out of a window that made me seriously consider my career in the sell side of finance. Did I mention…
DetailsSo What Are You Going To Do In the New Year?
I am not a big motivational type of guy – in fact I think that motivational speaking is largely a load of bollocks. It is a akin to loading a two year old every preservative known to mankind and then watching them zoom around like a fly in a bottle. However, I think people who…
DetailsSPAM…SPAM…SPAM…SPAM
“Can you eat gold? No. You can eat and barter Spam” Nouriel Roubini, economist, Dec 14 2011 I do note that bread may actually have been a better investment than Gold as well. In 1980 the average cost of a generic loaf in Victoria was $0.54 – today this price can be as high as…
DetailsSpeaking Of The Vix
Here is an updated chart with the long term average in red.
The Year That Was
About this time of the year we get a raft of year in review style of articles in the popular press. They usually have a few common elements. 1. The year was (insert appropriate metaphor here) 2. Looking back it was all so obvious…..then why didnt you tell us this before the year began. 3.…
DetailsNiall Ferguson – The Six Killer Apps Of Prosperity
Interesting TED talk by Niall Ferguson the author of The Ascent Of Money
