Wednesday, 11 May 2016



http://boingboing.net/2016/05/10/clever-non-lethal-mousetrap-ma.html



Everything is fine


Tuesday, 10 May 2016

Wednesday, 4 May 2016

Professor Fama: How Markets Really Work
{http://ritholtz.com/2016/05/professor-fama-how-markets-really-work/}

Bill Sharpe, The Arithmetic of Active Management

'In aggregate active investors hold the market portfolio, so if some skilled active investors overweight an undervalued stock, other active investors must underweight it. This means that, before fees and expenses, trading is a zero sum game. Ignoring costs, the gains of the skilled investors are, dollar for dollar, at the expense of other investors.'
{https://www.dimensional.com/famafrench/essays/why-active-investing-is-a-negative-sum-game.aspx}

Wednesday, 20 April 2016



Offshore in central London: the curious case of 29 Harley Street
http://www.theguardian.com/business/2016/apr/19/offshore-central-london-curious-case-29-harley-street

Top ten trends in Fintech
http://www.futuresmag.com/2016/04/15/top-10-trends-fintech

What the great degree rip-off means for graduates: low pay and high debt
http://www.theguardian.com/commentisfree/2016/apr/19/degree-graduates-low-pay-high-debt-students

good points against a 'Brexit'
https://medium.com/@DuncanWeldon/brexit-the-trade-deficit-is-not-a-source-of-strength-345f88026723#.6gjmupa5s

The whole point of the debate at the moment is that we know — at least in the short term — what Remain looks like, we don’t know what Leave looks like. That creates the kind of uncertainty which delays investment decisions and which would get worse after a Leave vote as we entered into months or years of talks.

And it’s this uncertainty which takes me to my biggest problem with the “the trade deficit is a strength” argument. It ignores the elephant in the room which the large UK’s current account deficit 

That to me, is the best economic argument against a Leave vote — why trigger an event that could lead to a reassessment of UK risks by global investors when you are “dependent to the kindness of strangers” for funding?