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To the shock of most sentient beings, Facts died Wednesday, April 18, after a long battle for relevancy with the 24-hour news cycle, blogs and the Internet. Though few expected Facts to pull out of its years-long downward spiral, the official cause of death was from injuries suffered last week when Florida Republican Rep. Allen West…
I always find it intriguing that fund managers have to go to such lengths to justify their stance on issues – the interesting point is most of it seems like after the fact rationalisation. This is an example of such long winded thinking, unfortunately it also contains that the use of rational economic thinking to…
I enjoy capitalism and capitalism via trading because it gives you almost immediate feedback as to your success or failure – there is no need to wait a round to see how things went. The one thing that does give me a chronic case of the squirts is corporate welfare, we have already had the…
I enjoy capitalism and capitalism via trading because it gives you almost immediate feedback as to your success or failure – there is no need to wait a round to see how things went. The one thing that does give me a chronic case of the squirts is corporate welfare, we have already had the…
I always find it intriguing that fund managers have to go to such lengths to justify their stance on issues – the interesting point is most of it seems like after the fact rationalisation. This is an example of such long winded thinking, unfortunately it also contains that the use of rational economic thinking to…
If I am reading this correctly, what they are saying is that forecasting is a waste of time. Perhaps they should have consulted the extensive work of Philip Tetlock before going to the trouble.
Someone dropped this wonderfully insightful image into my inbox this morning. Apparently it dates back to 1908 – my interpretation of this is that sheep, be they those who just follow or those without a committed opinion get run over by those that do when markets begin to move.
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