Posts in Ramblings

New-look blog

Woah! Shock and awe. We’ve woken up to a gleaming new blog. It’s almost as much of a surprise to me as it is to you; the IT department works in mysterious ways. Aside from being prettier now, the blog is on a faster server and a number of technical problems are fixed. If you notice any gremlins: things not being where you expect, say, or you’re not receiving posts by RSS, anything, please let me know at [email protected]. Regular blogging will resume when I’ve found my way around.

Easy on the austerity George

Nightfall Tomorrow George Osborne unveils his emergency budget. Amid calls for him to cut, come what may, I’d like to put forward an alternative view.

Where the value is…

It’s here! In the UK! Bad news for US investors. According to Robert Shiller’s cyclically adjusted PE (CAPE) stock market prices are back in the most expensive quintile. US stocks are nowhere near as expensive as they were in 2000, say, but for more than 80% of stock market history since 1881 they’ve been lower [click for a larger, sharper chart]:

Will austerity make us happier?

Smiling all the way to the bank Karl Rabeder is happy, he’s giving away his £3m fortune and plans to have nothing left. His conviction: I had the feeling I was working as a slave for things that I did not wish for or need.

Saving capitalism from the capitalists

In a section in the profile of Nouriel Roubini I mentioned in my last post, he acknowledges other 'whistleblowers', people or institutions that warned of financial crisis early on. It contains only two:Raghuram G.

Economists who know what they're talking about

Every month I write a column for Moneywise Magazine called Join The Dots.
I pick somebody newsworthy and explain what their words or actions tell us about markets.
Next month I'm going to choose an economist who knows what he's talking about, probably Nouriel Roubini (See this profile in this month's Finance & Development, an IMF magazine.).
He's famous now for predi


Vaguely embarassing, I'll skirt around the 'twit' jokes, but I'm on Twitter.

Here's a sample of my, err...

Software for value investors

This is a biased review.

Million Dollar Traders

I’d rather be an Apprentice

Did you see Million Dollar Traders? It’s the BBC’s share trading version of The Apprentice, which started last night on BBC 2 at 9.00pm, and continues for another two shows. It’s also on the rather brilliant iPlayer for the next twenty days.

Hedge fund manager Lex van Dam funds eight novices, including (from memory) an environmentalist, a retired IT consultant, a vet, a student and an ex-army Major.

Who reads this blog?

Our audience is global, and that’s not all :-)

On the premise that, if you’re interested in what you read here, you might be interested in what fellow readers are writing, here’s a rundown of the bloggers who’ve commented on my blogs.

I haven’t edited this list as I would neither insult a reader by not including his blog, or presume to know which ones other readers should read, so by date of most recent comment, here they are:

The Eclectic Investor
It’s tagline:
Trader, investor, and wicked non-economist in the mak