(Note: Part I is here) There are two competing theories about the stock market. One is the efficient market theory.: everything is already fairly and accurately priced, and any movement in price reflects new information being released to the market. And then there is chaos theory, which simply put, is the observation that complex systems suddenly bite you in the butt… Read More »
People will let the economy burn if they think it won’t affect them. It’s not just COVID but society’s response to COVID, that is wrecking the economy. Of course, nobody is saying that. What is being said is that we are having “disruptions to the supply chain.” Here’s a picture of George Orwell for you When are we… Read More »
Last week I talked about how it just got a lot harder to predict the future price of bitcoin and other crypto coins and tokens, as the market is now aware of the halving effect of bitcoin. It’s harder, but not impossible. In my news feed, future events that will affect the price of various crypto coins and tokens fall… Read More »
It’s Ready Player One. Read the book, don’t watch the movie. In case you don’t know the plot already, it’s about a boy who solves puzzles in an online world and wins a lot of money and gets the girl in the end. And how is this a book about investing? Let me try to explain. There are… Read More »
By the time news hits that the yearly corn crop is a bust or a bumper crop, that information is already reflected in corn futures contracts. The big buyers and sellers of corn contracts already know what the crop is going to be like months in advance. Or they have some really solid guesses that are more often… Read More »
There are lots of people on the Internet who love to talk about bitcoin. To be blunt, I don’t find many worth my time. Commentators who dump on bitcoin for five minutes and then admit they have never owned it: They remind me of my kids when they used to announce that dinner sucked without even taking the… Read More »
