Inflation hits gas, oil, timber and…words

It is not just commodities such as oil and timber that are subject to inflation. Words are too; semantic shift in language.  Inflation is when the purchasing power of the money we hold falls so with a given amount of currency we can buy less. Words in one sense are like money. Their value fluctuates … Read more

HODL – how a typo became a rallying cry

It was 18 December 2013. Brexiters were seen as “fruitcakes and loonies” by then UK prime minister David Cameron, Trump was still just a reality TV star with a Twitter account, and one of the last bailouts of the financial crisis had just taken place with the EU handing over EUR10bn to Cyprus. The evolution … Read more

Find your unhappy: adjectives as nouns

Exploration of Adjectives as Nouns in Language Evolution: “Today, the Guardian has launched a new interactive.”  “Find your happy.”  “The bus service is free for the elderly.”    If your initial reaction to the first two sentences above is to think “Ugh”, you are in good company. They are offensive to the mind. “A new … Read more

Humbleism: How the more we learn the less we know

There is a new subject matter emerging, which may become known as “humbleism”. It treats of what we don’t know, rather than what we do know. In ancient times, when faced with frightening natural phenomena people turned to priests, who looked to the skies and came up with convincing sounding explanations that made them feel … Read more

The uncertainty of will

Journalists regularly make definitive statements using the word “will” such as “both teams will give their all”. This makes the sentence into a promissory statement where the author is promising an outcome. However, it amounts to a misleading statement. The event might or might not occur. The authors do not know it will. How could … Read more

Investment research, fast and slow

One of the requirements regulators have is that investment research should be based on appeal to reason not emotion. Another way of thinking about this is that it should be the reader’s System 2 that makes the investment decision not their System 1. This System 1/System 2 framework was created by psychologists Daniel Kahneman and … Read more

What the mob can teach research analysts

Mob boss Toddo Aurello had a visitor waiting for him. “Keep your mouth shut and listen” he said to his young subordinate, Sammy “The Bull” Gravano. “I want you to sit and learn.” When the visitor came in, he said he was having a “beef” with another associate and explained why. Aurello’s job as boss … Read more