Monthly Archives: August, 2008
Winning the Lottery – Mathematically
AP reports that a Wisconsin couple have each won the lottery – twice: Verlyn and Judith Adamson claimed two $350,000 jackpots on Monday because each held a winning ticket in the state SuperCash drawing last Saturday. They didn’t mention at the time that they also held two more of the winning tickets. Apparently Verlyn Adamson, [...]
Daily Commute
Everyday I commute roughly 54 miles round trip to get to and from work, which takes a little more than an hour for each leg of the trip. Occasionally, I have the fortune to share a ride with my neighbor and carpool to work, which then only takes about 30 minutes. Regardless of how I [...]
Dumb Investing: Investment Themes
The recent pulldown in commodity prices has not convinced me to reduce allocation in gold/energy. Investors bought into the “demand destruction” theory while the US Dollar went up in response to problems in the European Union. In herd-like fashion, hedge funds and institutions exited in tandem, triggering stop loss orders and heralding the “end of the commodities boom”. [...]
Dumb Behavioral Economics: Confirmation Bias
Behavioral Economics has often been used as a weapon against the believers in efficient markets since it shows that people do not always act in an economically rational manner. While we here at Dumbagent.com are firm believers in the Efficient Market Hypothesis (EMH), we also simultaneously believe in this seemingly negating school of thought. How [...]
