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The Time Decay

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The 80-20 Cycle

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The Triangular Harmony

A simple triangle can integrate all market theories. Can we spot it? While writing ‘Theory of Moral Sentiments’ in 1776, Adam Smith would never have thought that after 2 centuries people will find it oxymoronic to see morals and sentiment in the same phrase. Now, sentiment creates the popular news, lack of morals are ascribed…
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The Dow Psychology

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The Frantic Call Index

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Without Water

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Blind Men And The Elephant

At a farewell party last night, we found that five of us had the same birthday, which was quite a coincidence as the gathering was small. There, a friend from Lebanon who is a senior techie at a Fortune 500 infrastructure company asked me to explain how such recurring coincidences take place often. There was…
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Revisiting CARITAS

It may still be vivid in many investors’ minds the game of the century, ‘Caritas’, the Ponzi* scheme of the early 1990s in Romania. It was owned by Ioan Stoica and attracted over 400,000 investors who gambled over 1 billion dollars because it promised to repay 8 times the amount invested. Although Caritas lasted for…
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Breaking News

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Trashing economic axioms
