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Category Archives: Great Speculations

Great (and not so great) Speculations

Cosby sweaters to raise money for charity
How ‘bout someone just donate the sweaters to good will and give the charity money. Who would want one of those 80s sweaters, Cosby or no Cosby?
Will someone please tell Kirk Kerkorian that he’s an old fart. The billionaire turned 91 last Friday and he’s going after Ford. At [...]

Great Speculations: father knows best

Panos Bethanis Went $4.5 million in the Hole to Buy Back His Company –Inc.
He had founded the company five years earlier but had sold a majority stake to a pair of venture capital firms in 2005. Now, with the company struggling, Bethanis saw an opportunity to get his company back.
For Bethanis, then 31, regaining control [...]

The Introspective Speculator: Vicious Cycle

Lord knows I’ve been stuck in this vortex many a time.
Related reading:
Sleeping and Trading –Daily Speculations
Briefly Speaking, from Victor Niederhoffer –Daily Speculations
There are many speculators who have an inclination to trade during night hours. Such behavior exposes one to the possibility of premature death, according to a study of Penev et al "chronic circadian [...]

Great Speculations: How One Smoker Quit

How One Smoker Quit -Freakonomics
A few weeks ago, we posted an item about an ad executive in Australia named James Hurman who auctioned off his smoking habit, agreeing to pay a steep fine (about $800) for every cigarette he smoked after the auction closed. He wound up selling the contract, he writes, “for NZ $300 [...]

The Introspective Speculator

How Fairness Is Wired In The Brain -ScienceDaily.com
Now, researchers at the California Institute of Technology have discovered that reason struggles with emotion to find equitable solutions, and have pinpointed the region of the brain where this takes place. The concept of fairness, they found, is processed in the insular cortex, or insula, which is [...]

Black swans spotted on the flyover

I happened on an article about black swans, as Nassim Taleb had recently been speaking at a CFA (Chartered Financial Androids) function and a reporter for the Financial Times was in attendance, blogging, not reporting, because as we all know the two are very different. I wondered with all the talk of recession, and [...]

Great Speculations: Found Item: Absinthe Antiques

The market for collectibles related to the mysterious, mischievous,  and much maligned alcohol Absinthe is hot. An original Absinthe poster recently went for $18,000 on eBay. The antiques at Absinthe Originals, such as this original bistro match striker, are quite pleasing to the eye.
This one’s sold, but other equally hip items are available.
You don’t have [...]

Early computer used to predict economy

The computer model that once explained the British economy

A sensation when it was unveiled at the London School of Economics in 1949, the Phillips machine used hydraulics to model the workings of the British economy but now looks, at first glance, like the brainchild of a nutty professor.

Speaking of early computers I just happened [...]

Comic T-Shirts for Venture Capitalists

Venture Capital Wear

Market Science, Psychology, and Psychosis

Learning from our mistakes? Flies can do it. Lots of Animals Learn, but Smarter Isn’t Better
It takes just 15 generations under these conditions for the flies to become genetically programmed to learn better. At the beginning of the experiment, the flies take many hours to learn the difference between the normal and quinine-spiked [...]

But will they go with my Armani?

Authentic Baseball Stadium Seat Cufflinks

Bikes on the Beach: Pebble that is, not Daytona

Legend of the Motorcycle: Pebble Beach without Posers
The weather remained cool and blustery, which for a classic British bike fan like myself only added to the atmosphere. Telling myself I was on the Isle of Man, not the Central California cost, was easy on the 40-degree golf course framed in gray-skies and crashing waves. [...]

George Soros as God

The more George Soros talks, the less people care what he thinks.

Mother of Pearls

Arab Singer’s Necklace Fetches $1.3 Million
Christie’s Dubai branch said that an anonymous buyer from the Middle East bought the piece of Umm Kulthoum’s (pictured with the neclace) jewelry for $1.38 million, the AP reports.
The London-based auction house did not want to reveal the identity of the buyer, the AP reports. He bought the nine-strand necklace [...]

Did Bernanke Save us from another Great Depression?

The Great Depression Debate
Bernanke and many other economists believe the Fed’s failure to bail out stricken banks between 1929 and 1932 was one of the main reasons the Depression lasted so long. In 1932, Herbert Hoover established the Reconstruction Finance Corp., which lent to banks, railroads, and other troubled businesses but failed to reverse the [...]

Wanna be a Winning Trader?

All you gotta do is wear a red shirt!
Using data from the last 55 years, researchers at Plymouth and Durham universities in England found that teams with red kits were significantly more successful. The results are detailed in the Journal of Sports Sciences.
Previous research has shown that red uniforms confer an advantage to Olympic combatants [...]

What every self-respecting trader needs…

The well-appointed trader knows that one must have the right tools to keep them bears a dancin’.
For the Starbucks in Hong Kong, the new HP Mini-Note:

For the trading room, or the corner of your bedroom, whichever the case may be:

Real Estate: Canseco Walked

The Los Angeles Times reports that Jose Canseco lost his home to foreclosure.
In comments to the TV show “Inside Edition,” Canseco says, “It didn’t make financial sense for me to keep paying a mortgage on a home that was basically owned by someone else.”
But hey, there are worse ways to blow your dough: From the [...]

Trader Testosterone Study

The actual study is locked up in the vaults of academia, but here’s a few links.
Testosterone Levels Predict City Traders’ Profitability – Science Daily Stock Market Winners Get Big Payoff–In Testosterone – Scientific American Study: Testosterone Fuels Stock-Market Success – Fox News
Since few reporters and bloggers have actually been [...]

Statistical Trading: When to do nothing

The Statistical Modeling, Causal Inference, and Social Science blog talks about great actors and actresses who always seem to play parts beneath their talents. Similarly, one can dredge up a plethora of companies that make great products and offer excellent services whose stocks fair poorly.
Perhaps the answer is simply poor timing. An actor can only [...]