Risk and Return

John Hussman is always worth a read. I like this from his letter this morning:
As I wrote in April 2000, bear market psychology typically evolves something like this:
“This is my retirement money. I can’t afford to be out of the market anymore!”
“I don’t care about the price, just get me in!!”
“It’s a healthy correction”
“See, it’s [...]

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In the annals of excruciating misery during wartime, few events can compare with what befell Napoleon’s troops during his campaign in Russia. From Strange Maps we see the suffering and tragedy in graphic statistical form. (click image to enlarge)

“The best statistical graphic ever drawn“, is how statistician Edward Tufte described this chart in his [...]

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