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09
JUL
2017

Why the misnamed ‘Traditional’ method of Point and Figure box sizing has no place in the 21st Century

Point and Figure “Guru” Jeremy du Plessis writes: When Point and Figure charts were used in the late 18th and first half of the 19th century, prices were low and so box sizes of ¼. ½ or 1 point were used. The charts were all plotted on an arithmetic scale. Each X and...
10
JUL
2017

Developing Countries Leapfrog Developed Countries When It Comes To The Future of Money

Developing economies are (not surprisingly) leapfrogging developed nations in adopting Cryptocurrencies. In a way, they start with an advantage: a corrupt national currency where national have lost faith in its value. It is only faith in a £10 note which allows me to exchange it...
30
JUL
2017
Accredited by LSE Group Academy

Institutional Trader Programme

Last year, the London Stock Exchange Group Academy approached me to develop a two-week course designed for people who want to experience the institutional world of investment and to start their first leg of their career in the City. We put together the Institutional Trader...
15
AUG
2017

Why Does the Mathematical Probability So Often Turn Out NOT To Be the Real Life Probability?

I am preparing a presentation for traders on trading options. They work in a large international energy corporate. These are traders working in treasury but not option specialists. This, you would expect, would be an intermediate-level course on options and options maths. I have...
03
SEP
2017

Very sad news for technical analysis, Hank Purdon has passed away.

Very sadly for all of us, Dr. Henry O. “Hank” Pruden passed away on Saturday, August 26th at St. Francis Memorial Hospital surrounded by his family. Hank was a towering figure in the field of Technical Analysis for decades, publishing numerous research articles on the markets as...
13
SEP
2017

I am off to Liechtenstein soon, some facts I need to know.

In 2007, Swiss troops accidentally ‘invaded’ the country after getting lost in a storm. They apologised soon after.Snoop Dogg once tried to rent the country for a music video, but was refused because he did not give them enough notice.In its last military engagement in 1866,...
26
SEP
2017

Presentation at the Second Annual Technical Analysis Conference in Lagos

See Second Annual Technical Analysis Conference in Lagos It was a great pleasure to present at the Second Annual Technical Analysis Conference in Lagos, Nigeria. The conference brought together some of the established experts in the financial sector, who understand technical...
21
NOV
2017

Old Mutual Admits Economists Cannot Make Forecasts

Watch this video where Ian Heslop, Wealth Manager and Economist at Old Mutual admits that analysing the fundamentals is impossible and pointless. All his colleagues get it wrong. The explains that Old Mutual will, therefore, no longer do it.  He points out other experts IBM CEO...
02
JAN
2018

The Cost of Vanity

I was an admirer and fan of Crispin Odey, the charismatic head of Odey Asset Management. I have seen how his strong convictions and his money mouth is ways to have built his fund into a titan and to earn a profit of £143 million and performance fees of £58  just two years ago. I...
08
JAN
2018

Economists and the market get the FED Funds rate right for once

Investors have been getting it all wrong on the of the Fed Funds rate for years. They have forecast higher rates year after year.  Some years ago I blogged What is the point of economists despairing at their consistency in getting it wrong. But not now. There is still some...