Found a great article on the New York Times about the risk models used by the so-called “finance geniuses” that were so tragically wrong.‚ It boils down to the fact that most of the risk models were based on historical data and did not consider the fact that markets can sometimes be wildly unpredictable… heck, there is even the miniscule probability that financial markets could go all the way to zero.‚ … read more “Financial Risk Management Article”
Month: January 2009
Emo Kid Demotivational Picture
Entertaining demotivational picture of an emo kid.
The Great Debate: Body versus Brain
Tomorrow, I have two things that I really want to do.
The first is to watch the BCS college football national championship game between Florida and Oklahoma.‚ Tim Tebow, Florida’s quarterback, is possibly the greatest college football player ever to step foot on the hallowed gridiron.‚ Tebow will battle Sam Bradford, this year’s undeserving Heisman Trophy winner.‚ … read more “The Great Debate: Body versus Brain”
King of America: The Joy of Gluttony
Shows such as “The Biggest Loser” and “Quarter Ton Teen” have been cropping up lately trying to encourage Americans to eat less. Pop psychologists regularly appear on talk shows jabbering about how America has an “obesity epidemic” and how gluttony is tearing apart the fabric of our society.
Enough of that crap. The King of America is here to share with you some of the joys of gluttony.… read more “King of America: The Joy of Gluttony”
Elite Finance Gurus: Idiots, Frauds or Geniuses?
As a finance major in business school, I heard many times how Wall Street finance guys were the pinnacle of humanity and how they were far more intelligent than the rest of us.‚ The ground they walked on was holy and their pronouncements hammered in stone.
After the huge market crash, these former untouchables are now catching a lot of heat and being accused of defrauding investors, hurting America and even stupidity.… read more “Elite Finance Gurus: Idiots, Frauds or Geniuses?”
Bicycle Demotivational Poster
Riding bicycles is a lot of fun (unless you participate in Criminal Mass), but difficulties may be run into from time to time.‚ Check out the funny bicycle demotivational poster below.
New Blog Feature: Live Chat!
In the right hand side column of my blog, you will now see a section titled “Chat Box”.‚ In the “Chat Box” you can post short comments and have discussions via live chat with other readers or myself‚ in the‚ side bar!‚ To join the conversation and make your own comment, simply click on the “Click to Chat” link and it will give you a box to say something.‚ … read more “New Blog Feature: Live Chat!”
Alternative Fuel Demotivational Poster
When it comes to alternative fuels, we need to be smart about giving every possibility (however remote) a chance.‚ The alternative fuel demotivational poster below though may stretch that principle to the breaking point.
Michael Lewis on Why Wall Street Collapsed
Read this article on why Wall Street collapsed. Michael Lewis wrote an intelligent piece about how the so-called “genius financial titans” transferred risk from themselves to common shareholders and eventually to the U.S. government.‚ All of the Wall Street traders were involved- taking home monster bonuses for screwing their shareholders, customers and bondholders.‚ How do we fix it?‚ … read more “Michael Lewis on Why Wall Street Collapsed”
Hunter S. Thompson Demotivational Poster
Funny Hunter S. Thompson demotivational picture.
