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Monthly Archives: January 2017
Investment results should be measured from market trough to trough
The news flow of the past decade (century+) confirms the truth about ‘trading’ financial markets. Unless one exploits some privileged advance or inside information (which is commonly done but generally illegal) or is using high frequency machines that allow them … Continue reading
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Hayek warns on subversion of the Rule of Law
This is an important article to read and understand. The warnings on Trump’s behavior to date are clear. See A warning to Trump from Friedrich Hayek: “One of Hayek’s most important arguments in his great classic, “The Road to Serfdom,” … Continue reading
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Fake news and false prophets/profits
I have to admit, all the recent attention on ‘fake news’ strikes me as naive. Never mind all the completely made up information, what about the relentless deluge of official government and corporate financial data and press releases. Did most … Continue reading
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