Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. I do make mistakes, but I try hard to do my analysis thoroughly, and to make sure my data are correct. Remember: the unexpected sometimes happens. The expected does too, but all too often it takes longer than you thought it would.

The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.

BTW, clicking on most charts will produce the original-sized, i.e., bigger version.

Saturday, November 24, 2012

Drowning not splashing

A somewhat polemical piece (and why not?) on dark pools (should be banned absolutely in my opinion, but then I've seen financial folly again and again in my long career in the markets) and on the absurd remuneration CEOs get, by Michael West of Melbourne's Age newspaper.  I agree with him on both counts.

Illustration: Michael Mucci.
Picture by Michael Mucci

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