My friends Greg Harmon, John Boorman, Ryan Detrick and others in the technical analysis community descended upon New York City this week for the Market Technician’s Association’s 40th anniversary and annual symposium. A laundry list of legendary technicians – Ralph Acampora, MaryAnn Bartels, Bob Prechter, Andrew Lo – spoke and panels and gave presentations to…

This week’s WTF?!? statistic comes to us via Bloomberg News: The U.S. government paid almost $80 million in unemployment benefits during the worst of the economic downturn to households that made more than $1 million, including a record $29.9 million in 2010, tax records show. Almost 3,200 households — about 20 percent of them from…

“Real wisdom is not the knowledge of everything, but the knowledge of which things in life are necessary, which are less necessary, and which are completely unnecessary to know. Among the most necessary knowledge is the knowledge of how to live well, that is, how to produce the least possible evil and the greatest goodness…

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You can’t have thousands of hedge funders running around – most of them cordial enough with each other and with a similar enough background – and still keep outsized returns across the industry. Come on, you know better. Every gold rush in history ends with too many wannabes plunging their pans into the same stream,…

I knew this would happen eventually, there was way too much curiosity and unofficial use for the wall to have remained standing forever.

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Infographic.

Loved this rant from Brett at MarketWatch yesterday, he’s more right than he knows judging by the stuff I’ve seen… First, their minds have been playing tricks on them all along. The crash of 2008 did not wipe out half their savings, unless they invested all their money right at the peak and sold right…

Roger Ebert was a much bigger deal than many had realized.