Category Archives: Economics

Gambling on the Stock Market

Posted on December 6, 2013 by odeboyz

The valuation of shares is based on four criteria. They are (1) historic performance, (2) current management perofrmance, (3) future prospects, and finally peer group opinion. Henry Ford famously said, “History is bunk.” This disposes of (1). Why is this … Continue reading →

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Gambling, Gamblers And Punters

Posted on November 15, 2013 by odeboyz

‘All gamblers are above average!’  This blog is about the consequences of innumeracy when coupled with over- confidence. My previous analysis* shows gamblers as strivers working against the odds. True but it doesn’t square the statistical impossibility of ALL gamblers … Continue reading →

Posted in Economics, Technology | Tagged , , , , | 3 Comments

Gambling and All That

Posted on October 25, 2013 by odeboyz

Gamblers are not usually seen as positive role models. This judgmental approach lacks awareness of the virtues of gamblers. The purse lipped comment, “I’ve never been in a betting shop” tells us all we need to know about the narrow … Continue reading →

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BBC News 8th October 2013

Posted on October 12, 2013 by odeboyz

During this news broadcast there was an important item about a change of economic forecast by the IMF. It was brilliantly done and might as well have been mumbo- jumbo. The assumptions they made were simply unsustainable. (1) Viewers knew … Continue reading →

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