Shipping Rates So Low That Renting a Ferrari Costs More
Odd thing of the day. More here – Bloomberg
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S&P Index At Inflection Point – WTF Does That Mean
The chart below is from JP Morgans Guide To The Market and it says that the S&P500 is at an inflection point – this obviously means something to someone but I for the life of me cannot work out what. The current upswing as defined by the trend line that has been drawn could have been…
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The League of Extraordinary Assholes
WHO AMONG US has not felt the affront? Macadamia nuts arrive in a bag, not on a dish, and something shrivels in the soul. Are we animals? Did we execute the challenging task of being born insanely wealthy only to eat in-flight snacks from a bag? We did not. And that is why, when Korean…
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Well At Least He Was Honest
But I’m not primarily interested in the main story. Instead, I’m struck by a line of testimony offered at trial by then-Bear CEO Jimmy Cayne that does not even show up in subsequent court opinions, despite extensive recitals of the facts of the case. The generally “cocksure” Cayne apparently thought that his firm could be in…
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The Delusions Of Others
Last year (been waiting a few days to say that) I wrote about the lies we tell ourselves in order to successfully navigate our lives. Unfortunately, the propensity we have towards delusion means that we are also subject to the delusions of others. My guess is that this is part of the the in-built crowd…
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Absolutely Clueless
Occasionally you come across someone who is so clueless about probability as to leave you dumbfounded.
Lies, Damned Lies And Ouselves
We all lie to ourselves – it is part of the human condition. Sometimes the lies are a simple mechanism design to protect our ego’s. Sometimes they are to create a more palatable or interesting narrative about our lives ala Walter Mitty. Occasionally they are designed to protect our psyche during turbulent moments when we…
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A New Take On Old Cows
The world economy explained with just two cows
