Efficient Markets

I couldn’t help but notice on Friday that Freddie Mac’s stock ticker looked like this: Take a look at the chart for a sec.  It closed the previous day at $8.  It opened at about half that, $4 – or a 50% plunge.  Then it rose steadily throughout the day to down a mere $0.25… Continue reading Efficient Markets

So That’s Where All The Woolly Mammoth’s Went…

As a kid I was fascinated by the fact that back in the day there used to be woolly mammoths, sabertooth tigers, milodons, etc. roaming across the plains.  I mean, what sort of six year old boy couldn’t love something like this: For the uninitiated, that’s a sabertooth tiger a.k.a. a Smilodon taking down a sloth while… Continue reading So That’s Where All The Woolly Mammoth’s Went…