Archives for August, 2016
In Australia, Mercedes is advertising the new C Class as: “100 million lines of code. One groundbreaking vehicle.” It’s possibly not a good thing that an average car has ’50 times more code than a Raptor fighter jet”. The American Automobile Association (“AAA”) has reported that 2015 was a record year for…
People tend to take credit for their successes but blame external factors, or other people, for failures. This is self-serving bias. It allows us to protect our self-esteem, which in turn is good for our confidence. There are regular examples of self-serving bias in sports. The winning team considers they…
Since the commodity boom, the only game in town has been residential house and apartment construction. Virtually all of this construction has been financed by offshore lenders, through local banks. This made eminent sense when Australia’s cash rate was much higher than the rest of the developed world. However, this…
Gold is considered by many to be a strategic investment. Others say that it is a “barbaric relic” that has no place in an investment portfolio. In fact, until 1971 and the end of Bretton Woods, gold has been money for at least the last 5,000 years. Read about Bretton…