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.

Monday, January 12, 2015

I'm with stupid

Queensland man arrested for wearing a t-shirt with "I'm with stupid" written on it.  So much for Queensland's freedom of speech.

The twitter response has been to mock the premier of Qld:

Amazing how fond the right is of free markets, but not of freedom

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