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Watch "The Expert" Comedy Sketch Video
Here is a Dilbert-style parody of how a corporate team uses an expert. What happens when people don't have a clue about problem solving (or 'definition'), realistic goal setting, or practical reality? You end up with ridiculous tasks that are literally impossible. And that's exactly what "The Expert" nails perfectly. Funny (and
Here Are Some Links to Start Your Week
Just got back from a quick trip to New York City. While there, I got interviewed at the Market Technicians Association annual meeting. For what it is worth, the prevailing sentiment there was quite bullish (though most were expecting a pull-back, or correction, soon). On a side note, I took advantage of the proximity
Is the U.S. Stock Market Rigged?
Did you see the 60 Minutes report on Michael Lewis' new book, "Flash Boys," that reveals some of the ways that high speed traders work the stock market to their advantage. Here is an excerpt from the intro. Steve Kroft: What’s the headline here? Michael Lewis: The Stock Market is rigged. The
British Scientists Clone Dinosaur
Scientists at Liverpool's John Moore University have successfully cloned a dinosaur, a spokesman from the university said yesterday. The dinosaur, a baby Apatosaurus nicknamed “Spot,” is currently being incubated at the University's College of Veterinary Medicine. The scientists extracted DNA from preserved Apatosaurus fossils, which were on display at the university’s museum
How a Few Poorly-Timed Trades Can Wreck Decades of Healthy Returns
Few investors are good at swing trading — meaning, they're not good at predicting short-term swings in the market. Recently, BusinessInsider observed that more often than not, investors find themselves buying high and selling low. And when the market starts selling off sharply, investors will panic, sell their own shares, and sit on the
The Big Mac Index - A Feast of Burgernomics
Image by Simon Miller via Flickr The Economist's Big Mac index seeks to make exchange-rate theory more digestible. They say, tongue-in-cheek, that it is arguably the world's most accurate financial indicator to be based on a fast-food item. The Big Mac index is based on the theory of purchasing-power parity (PPP), according to which exchange