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…
This is a photo of Jimmy Nicol sitting by himself at Essendon airport on June 15 1964. For those who are not up with their music history Nicol sat in for Ringo Starr for eight concerts whilst Starr was ill with tonsillitis. Apparently he played the drums as well as Starr – the only thing…
A new study of over 1 million people finds that doing at least one hour of physical activity per day, such as brisk walking or cycling for pleasure, may eliminate the increased risk of death associated with sitting for 8h a day. Physical inactivity is linked to an increased risk of heart disease, diabetes and…
The quick answer from the paper embedded below is no. The executive summary is very enlightening in that it states – Has CEO pay reflected long-term stock performance? In a word, “no.” Companies that awarded their Chief Executive Officers (CEOs) higher equity incentives had below-median returns based on a sample of 429 large-cap U.S. companies…
What is the one thing that, if you could just get your hands on it, would make you much happier? Go ahead. Get out a piece of paper and write down the first thing that pops into your head. Got it? O.K., now fess up. Who wrote something about a new car? How about a…
Social scientists have been trying to identify the conditions most likely to promote satisfying human lives. Their findings give some important clues about choosing a career: Money matters, but as the economist Richard Easterlin and others have demonstrated, not always in the ways you may think. Consider this thought experiment. Suppose you had to choose…
……What’s Holding You Back? It’s neither intelligence nor technique that holds people back from being successful self-taught learners, says Bach. It’s insecurity. “Feelings of inadequacy stop curiosity,” he says. In Bach’s own field of competitive thinkers, he’s learned that “most people who have ambition have a terrible fear that although they’re good, they’re not good…
Happiness is complicated. There are two components. One is strongly genetic; the second is a question of how you feel at any moment. I am pretty content, but I had a very pessimistic mother, and I’ve always been known as a pessimist. It was always assumed I would be a professor. I grew up thinking…
I came in this morning to see the Missus watching this….. Remind me to take the batteries out of the remote to stop such future abominations…
Yesterday I was having lunch in Brighton and was somewhat bored because the weather was not encouraging use of the local boat ramp which is the greatest source of free entertainment in the world. Particularity in Brighton where a sense of self entitlement allied with copious amounts of plastic surgery, bad hair transplants and way…
Other HL Menckens often paraphrased quote that nobody went broke underestimating the intelligence of the general public. The real lesson from such things lies in what they tell us about investors and group behaviour. What initially piqued my interest in this little phenomena was the sense of permanence people attach to events that are transient.…
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