A Simple TAA System

This is a simple tactical asset allocation system I wrote in Amibroker AFL as a framework for further development. There are still some bugs – some of the statistics don’t calculate properly for one – but it works more or less as intended.

When I get the time I’ll write about the difficulties of creating a system which is truly agnostic about future market behavior when all the building blocks are mired in the past and unavoidably riddled with assumptions.

Excuse the horrible WordPress reformatting, use some common sense to choose your own parameter values, and have fun!

//TAA ETF Moving Average System with trailing stops
//Fully invested regardless the number of open positions
//Trades once a month, but uses daily data and evaluates stops daily

//strategy parameters/////////////////////////////////////////////////
malen = Param(“ma length”,21,21,252,21);
//malen = Optimize(“ma length”,21,21,252,21);

//execution/trade management parameters///////////////////////////////////////////////
stopperc = Param(“stop %”,2,2,20,1);
//stopperc = Optimize(“stop %”,2,2,20,1);
redelay = Param(“rentry delay”,21,21,126,21);
//redelay = Optimize(“rentry delay”,21,21,126,21);
RoundLotSize = 1;
BuyPrice = C;
dom = Param(“day of month”,1,1,21,1);  //day of month to calculate scores
//dom = Optimize(“day of month”,1,1,21,1);
tradedelay = Param(“trade delay”,0,0,5,1);  //days to delay trading after calculation
//tradedelay = Optimize(“trade delay”,0,0,5,1);
ApplyStop(2,1,stopperc,0,True,redelay);
SetTradeDelays(tradedelay,tradedelay,0,0);

//Portfolio parameters and options///////////////////////////////
Maxposition = Param(“max positions”,1,1,15,1);
//Maxposition = Optimize(“max positions”,1,1,15,1);
Mindiff = Param(“Min diff to rebalance”,.005,0,.10,.0025);
//mindiff = Optimize(“Min diff to rebalance”,.005,0,.10,.0025);
SetOption(“InitialEquity”, 100000);
SetOption(“MaxOpenPositions”,Maxposition);
SetPositionSize(100/Maxposition, spsPercentOfEquity);
SetOption(“UsePrevBarEquityForPosSizing”, True);
SetOption(“WorstRankHeld”,Maxposition);

//Determine trading day//////////////////////////////////////////////
MonthChange = Month() != Ref( Month(), -1 );
Rebalance = IIf(BarsSince(MonthChange==1)==dom,1,0);

//Rotational trading parameters////////////////////////////////////
EnableRotationalTrading();
PositionScore = IIf (C>MA(C,MAlen), C/MA(C,MAlen), 0);  //If above moving average, rank by % above the moving average
AddToComposite( IIf(PositionScore !=0,1,0) , “~TAAPosCount”, “X”, atcFlagDefaults = 15);  //create artificial security to track number of positive scores
RawCount = Ref(Foreign(“~TAAPosCount”,”C”),-tradedelay);  //Must use count from calculation day to get proper results
PosCount = IIf(RawCount>Maxposition,Maxposition,RawCount); //Final count used for position sizing

//Custom Backtest Procedure/////////////////////////////////////////////////
SetOption(“UseCustomBacktestProc”, True);
if (Status(“action”) == actionPortfolio)
{
bo = GetBacktesterObject();
bo.PreProcess(); // Initialize backtester
for (bar=0; bar < BarCount; bar++)  //loop through all bars
{
bo.handlestops(bar);  //For daily stops this is outside the day of month loop
if (rebalance[bar]==1)  // test for day of month to trade
{
CurEquity = bo.Equity;
if (poscount[bar] !=0)
{
PositionSize = 1/PosCount[bar] * CurEquity;
}
for (pos = bo.GetFirstOpenPos(); pos; pos = bo.GetNextOpenPos()) //loop through open postions and rebalance to remain fully invested
{
posval = pos.GetPositionValue();
diff = posval – PositionSize;
price = pos.GetPrice(bar, “C”);
if (abs(diff[bar])>Mindiff*posval AND abs(diff[bar]) > price AND diff[bar]>0) // do scale outs first
{
bo.ScaleTrade(bar, pos.symbol, False, price, abs(diff[bar]));
}
if (abs(diff[bar])>Mindiff*posval AND abs(diff[bar]) > price AND diff[bar]<0)  // do scale ins
{
bo.ScaleTrade(bar, pos.symbol, True, price, abs(diff[bar]));
}
} //for scale in/out loop
bo.ProcessTradeSignals(bar);
} //for trading day loop
bo.updatestats(bar,1);
bo.updatestats(bar,2);
} //for bar loop
bo.PostProcess(); // Finalize backtester
}

Pseudo Random News and Comment

You may have noticed many of the links are now on Twitter. I’m not thrilled with the change but with the demise of Google Reader it’s easier to put most of the short comment links there.

Transplant experts challenge assumption, describe pathway that leads to organ rejection  It’s about time. It’s been pretty obvious something is missing from current treatments, and what do you know? It’s those damn dendritic cells again.

Predicting risky sexual behavior Scripts get the blame in large part. Makes sense. Everyone knows you go wild in college, as well as drink and do drugs, so it’s no surprise it’s rampant there.

Overspending Has Become a Modern Form of Mating Deception’ The modern potlatch, signaling what you really don’t have and are then committed to trying to maintain. Not high odds of long-term success.

The Killer Robot War Is Coming   Coming up with legal restraints. I’m not sure that property rights aren’t the right approach, as long as they’re strictly enforced – which they rarely are. But if one set of laws can’t be adequately enforced there’s no reason to assume another set will fare any better, particularly when they are aimed at the law enforcers.

Is Google a rat? The curious timing of the Mt Gox bitcoin exchange shutdown and the Gmailing money announcement has me wondering. There’s no way in hell the bank ratted on itself since they have a long history of laundering billions for drug dealers and others. There’s also the question of why ICE is handling FINCEN in the first place, but mission expansion and empire building always seem to be job #1 at homeland security.

Pseudo Random News and Comment

Why Is It So Hard to Keep the IRS Out of Politics? A: Because it’s so damn politically useful. I especially love this bit: “If I were Obama, I’d ask Eric Holder to appoint a special prosecutor…” Eric Holder. Ummm……

Is Psychiatry Dishonest?  Are its lips moving? Good piece on the emperor’s new clothes.

Let’s Cut Through the Bitcoin Hype: A Hacker-Entrepreneur’s Take The best thing I’ve read about bitcoin recently, maybe ever.

Our Algorithms Can Predict Future Disasters — Now What?  Knowledge is power, but also questions and confusion. Too many false alarms will quickly be ignored.

Living close to major road may impair kidney function. At least in stroke patients.

How to quickly spot signs of a stroke. Maybe. I had a hemorrhagic stroke and had none of these signs.

Did FBI Counterterrorism Agent Reveal That Feds Now Record All Phone Calls?  Of course! An obvious attempt to prove we’re getting our money’s worth with the million acres of server farms. They can’t fill up that much hardware with only employee porn stashes.

Exercise-related changes in estrogen metabolism may lower breast cancer risk. Get up, stand up, stand up for your breasts. If that gets used in a PSA I want some money.

Secular Bull or Bear? Excellent summary. Secular bears are no stranger to new highs, which makes diagnosis difficult. But if it was obvious which, it would have already happened.

Investment Risk Re-imagined Excellent rethinking of risk.

Study links diet with daytime sleepiness and alertness in healthy adults.  Fat puts you to sleep. Carbs do the opposite, Protein does neither.

Antibiotics could cure 40% of chronic back pain patients I had to check the calendar to make sure it wasn’t April 1st. It’s not. Backaches could be contagious.

Pseudo Random News and Comment

Four Basic Traits of Successful Investors I think #5 should be they’re boring.

Porn, rape, and a ‘natural experiment’  Read ‘em and weep anti-porn zealots. Leaves unaddressed what Dad’s sock drawer is doing to stay relevant when free porn is readily available elsewhere.

How to spot liars in official interviews Police interviews that is. When interviewing actual officials the old fallback of “when their lips are moving” is far more accurate than the 68% this increased cognitive load method identified.

Money Buys Happiness and You Can Never Have Too Much, New Research Says  Really the study highlights the difficulties of studying happiness, since this is measuring satisfaction rather than happiness. It’s possible to be quite satisfied with how things have turned out but not happy. I think generally satisfaction is based more on objective measures of outcomes. Happiness really doesn’t care…

Meet Mr. Money Mustache, the man who retired at 30 (via Crossingwallstreet) Naturally, I’m 9 for 9 on his tips.

Does Working From Home Work? As I’ve long suspected, if you read between the lines it’s better for the employer than the employee. Anyone have that Yahoo’s email?

Study Finds Women Most Aroused By Men With Intermediate Level of Beardedness. Most disturbing – because I didn’t find it first. This explains my unconscious avoidance of shaving more than once a week.

But I think this one tops the last one: Antibiotic Protects Men from Being Too Trusting of Attractive Women  A new meaning to “using protection.”  Normally used to treat acne, this means they made themselves more attractive to the attractive women but then didn’t trust them. Life can be so cruel.

Sperm cell release can be triggered by tightening the grip around the delivery organ  Pretty much says it all.

Why Still So Few Use Condoms. Because they suck. But Bill Gates is going to lend a hand.

Baby knows best: Fetuses emit hormone crucial to preventing preeclampsia  So manipulative they can’t even wait until they’re born to start working you.

Are Doctors Diagnosing Too Many Kids with ADHD?  “Data suggest, however, that a bright dividing line does not exist.” Exactly, any cutoff imposed on the distribution is arbitrary, and imposes drastic changes in how everyone will treat them.

Seven simple lifestyle steps may decrease risk of blood clots  Boils down to taking good care of yourself, which doesn’t make it easier.

Wall Street Is A Rentier Rip-Off: Index Funds Beat 99.6% Of Managers Over Ten Years  Even worse than I thought.

Pseudo Random News and Comment

Gene controls three different diseases  Just the sort of pathological cheapness on the part of nature that will make genetic cures for disease difficult. Multiple uses needn’t be all good or all bad. Fixing one thing may often break something else.

Build Your Own Neutra Home!  They still look modern a generation later.

What Martial Arts Have to Do With Atheism  Interesting interview with Sam Harris.

Sexually explicit material affects behavior in young people less than thought I always wonder how you find a control group of males who haven’t watched porn. In this study 88% said they had. 88% of the other 12% were lying. So the lack of statistical difference isn’t surprising.

Autism risk spotted at birth in abnormal placentas  This raises an interesting question of who is doing what to whom.

Pleasure and pain: the effect of (almost) having an orgasm on genital and nongenital sensitivity. I’m going to go way out on a limb and guess that subjects who perform in these conditions may not quite represent the norm, thought the results seem reasonable.

Thought Prenda Was Dead? No, It’s Up To Its Old Tricks… And More  Amazingly limitless depravity.

The Gold Medal Gold Model, Tarnished?  A fundamental model for gold. For the patient it seems to be holding up quite well.

Why Sleep Deprivation Eases Depression  Glial cells strike again.

Judge says giving up your password may be a violation of 5th Amendment. Forcing you to divulge evidence against yourself “may” be a violation of the 5th Amendment. Ya think? Totally gutless.

Calm Down … You Are Much More Likely to Be Killed By Boring, Mundane Things than Terrorism  I love numbers about relative risks. “You are 8 times more likely to be killed by a police officer than a terrorist.”

Pseudo Random News and Comment

Consciousness After Death: Strange Tales From the Frontiers of Resuscitation Medicine  I think he’s let a desire to believe something outrun the science to support it. He also seems to assume consciousness resides only in the brain rather than being an emergent property of a complex system involving the entire body as well as the brain.

The Most Stressful Places to Live  The least stressful state is, of course, Hawaii.

I’m on the drug that killed Paul Erdős  Smart drugs are coming to a workplace near you, and some day they may even do what is hoped. Keep in mind you can’t turn a donkey into a racehorse, and more isn’t always better.

Two days of staging as effective as four for high-altitude climbs  The short-term adaptations are quite rapid so there’s no point in diddling around any longer.

After Boston: Don’t Get Fooled Again by the ‘War on Terror’ Hawks  Nice dissection and prophylaxis.

Low-dose aspirin stymies proliferation of two breast cancer lines, study finds  More benefits from lowly, old aspirin.

Flu shots boosted by exercise  In moderation – prolonged intensive exercise is an immunosuppressant.

IRS Says It Will Change Its Policy On Looking At Emails Without A Warrant… At Some Point  Never assume you have any privacy. Perhaps at the end of a long trail, under a waterfall, whispering into the ear of someone is safe, but only perhaps, only if you’re not already under surveillance, and only for a very limited period of time.

My answer to John Hussman  Good example of the importance of knowing your time frame and goals. In 1995 when I first had the epiphany that we would be repeating the market action of the 1970′s on a grander scale I had intended to trade the swings like a madman. Instead, my time frame changed and I’ve mostly done nothing. Either way can be right (and it’s possible to do both at the same time).

An example:  Broadening the Window – Aligning Indicators with Correct Holding Periods

Virus kills melanoma in animal model, spares normal cells  Edging just a little closer to the immortality virus.

Decision making in scientific peer review unravelled with mathematical modelling  With all the fraud going on, is there any doubt this bit of reverse engineering will be abused?

Random Thoughts on Apple  Nice summary. The biggest risk to me is a very large percent of revenue is from the latest products so it wouldn’t take more than a couple bad quarters for Apple to lose a significant chunk of their revenue….and Samsung Galaxy is doing quite well in China.

Pseudo Random News and Comment

What will the neighbors think? Tinshed / Raffaello Rosselli

Kidneys grown in lab become functional in rats Still a long way to go but it’s progress.

Dr Michele Ferrari is using his free time to take on Osymetric Chainrings. If you ask me the trials have suspiciously low variability. However, the results do match my experience, and not allowing for muscular adaptation should give the most favorable results.

Circumcision alters penis bacteria  Refining the improved hygiene theory for reduced risk of HIV

FDA Lets Drugs Approved on Fraudulent Research Stay on the Market  Money talks everywhere in the halls of power.

New Zealand legalises same-sex marriage  Continuing to make their bid for most civilized English-speaking country. Probably because they’re small enough everyone still knows where the politicians live.

“Markets Are Debates Between People Who Are Speaking With Money”  Great way of looking at it. These days I just don’t care to get involved in very many debates.

Tacrolimus Inhibits the Revascularization of Isolated Pancreatic Islets  Another reason to pat myself on the back.

The ‘learning curve’ of living with Asperger’s  The difficulties of learning to fake it through every social interaction.

Does Brain Training Work?  A resounding kinda, sorta, maybe. Plasticity certainly argues that benefits should be possible but, like every other form of physical training, specificity trumps all, and what brain training exercise can truly be specific to broad, general intelligence?

Super-volcanoes in the Ancient World  If you are running short of disasters to worry about, this is a great one.

Pseudo Random News and Comment

This naturally has to be the lead off today: Penis size does matter to women, researchers say in PNAS study   This doesn’t necessarily mean women are lying when they say it doesn’t matter. All that’s required is an unconscious preference driven by increased reproductive success of the resulting horse-dicked sons, not [necessarily] anything to do with conscious preferences or pleasure derived – especially since they found no upper size bound in the study. A physical indicator of ejaculate volume would work the same way, with perhaps even stronger selection pressures, but I can’t think of an obvious physical attribute for that.

Bigger Not Always Better for Penis Size A more measured view of the study, though the headline is misleading since bigger was always better, but with rapidly diminishing returns The additional metabolic cost has to become a factor at some point too.

The art of recruiting a software developer A lot of companies need to pay attention to the “micro-positions” disease, which is the reason I never got into the field.

Your Least Engaged Employees Might Be Your Top Performers  The less talented make a lot of commotion about everything they do because they’re always at the point of drowning.

Document Accidentally Filed Publicly Reveals Google Fighting Back Against Government  Maybe the no evil slogan isn’t just BS.

Why is Eric Sprott Selling PSLV Shares Fast and Furiously?  Good question.

Dead animals keep turning up in China under mysterious circumstances  Disease and pollution are obvious causes of death, but the best guess about the choice of disposal method would be it’s cheaper to dump them in a river than dispose of them properly, if it’s even possible to do it properly in some areas. I’m a bit surprised they wasted the plastic bags in the one case.

Should the Modern Man Be Taking Testosterone?  If you make the drugs it’s a resounding yes, but there’s not yet much science to go by.

Blood Cells Are Attracted to Good Food Smells  I thought a brain was needed for that sort of smarts.

Pseudo Random News and Comment

Top story: The cure for obesity is at hand!  Study proves masturbation leads to weight loss.

So what does make humans unique?  Sharing changed the world, not Steve Jobs.

How Do Childhood Diagnoses of Type 1 Diabetes Cluster in Time?  More support for infectious agents as the trigger.

Is Fukushima Radiation Causing the Epidemic of Dead and Starving Sea Lions In California? When you are at the top of the food chain everything gets concentrated so it wouldn’t be too surprising.
Yes, the Chinese are the Borg. And yes, they are spying on you  Based on recent personal experience, internet communication is being disrupted a lot more this year than last too.
Tornadoes Here, Tornadoes There, Tornadoes Everywhere?  Has an interesting map which also demonstrates tornadoes don’t like mountains. Something I need to remember the next time I have a nightmare about tornadoes.
Are B-Cells to Blame for Chronic Fatigue Syndrome?  Intriguing, though small, studies hint that they are. It could also explain why my chronic fatigue went away as my kidneys failed. Still, the treatment they used is nothing to be trifled with.
The evolutionary consequences of infidelity: Can extra-pair relationships give rise to sexual dimorphism?  As usual any study on sexual selection is almost guaranteed to get linked here.
“Betray Your Bank Before Your Bank Betrays You”  After the last 5 years I’m amazed anyone still needs to be told this, but the lack of fleeing depositors says they do.
Jim Chanos on the Cycle of Frauds Excellent interview on a pervasive problem.

Pseudo Random News and Comment

HPV improves survival for African-Americans with throat cancer  The blind watchmaker strikes again.

Cunnilingus Apparently Increases Duration of Copulation in the Indian Flying Fox  I’m thinking there may be a general principle in here somewhere.

Should short boys take growth hormone  Probably not, but girls that want to be able to dunk clearly have to do it.

Did Tencent just build a way around the Great Firewall of China?  It will be very interesting to see how this plays out.

Middle-class folk need to stop spending like they are rich—and start saving instead  Sucking the government tit has about run it’s course as a retirement strategy. Everything they take from you is a tax; just ignore the sales pitch that it represents some future benefit.

We’re all Active Investors  A change in mindset makes the difference between winning and losing.

Dumb Policy: Store Charges $5 Just To Look At Goods  Since they’ve actually named the store I guess this may actually be true. You’ll never go broke betting on stupidity.

Most Large Acquisitions Are Errors  So true. Ego is deadly in investing.

Anatomy of the Bank Run  The Cliff notes from Rothbard. With bank runs it’s far better to be early than late.

Some Thoughts on the Future of Home Prices  The good news is prices closely track incomes. The bad news is prices closely track incomes.

Too much choice leads to riskier decisions, new study finds  Thus explaining the sexual dalliances of the rich and famous.

Bernanke: Central Banker policies are not “beggar-thy-neighbor”  And you wondered why I call him BB brain…

How to Get Beyoncé Out of Your Head: The Scientific Solution  Playing games with yourself.

Google Reader being shuttered for privacy-compliance concerns, report says  Makes much more sense than the lame low traffic excuse, since it kicks the ass of Google+ in that regard.

MRI shows brain abnormalities in migraine patients  This sort of headline really bugs me. If the brain was normal, by definition they wouldn’t be having migraines.

China’s attempt to rein in the housing sector is causing a frenzy of home sales  Wait a minute, I thought Chinese buyers were supposed to all pay cash.

Taiwan Supreme Court Says Porn Not Covered By Copyright  Even courts can agree it’s hard to be truly original when it comes to sex, though the decision isn’t based on anything so rational.

Brazilian doctor investigated over 300 hospital deaths  So I’m guessing there’s a problem with quality assurance in Brazilian hospitals?

Pseudo Random News and Comment

Chinese Web Users Marvel at Detroit, Where a Home Is ‘as Cheap as a Pair of Shoes’ The thing they’re forgetting is it’s easy to buy stuff cheap. The hard part is buying cheap stuff that can be sold at a profit. The real estate agent in this piece is a prime candidate for bankruptcy. Other than being cheap I can’t come up with a single reason to buy in Detroit until it gets so cheap it can be farmed profitably (with legal crops).

Even a little pot use ups college dropout risk  But it obviously can’t raise it much or nobody would graduate.

Construction of China’s Tallest Building On Hold Due to Concrete Scandal THE  Woman was making fun of me for being nervous in some buildings in Beijing. Hah!

Acting out dreams linked to development of dementia, study finds  Does this apply to entrepreneurs too?

In Spain, The Bitcoin Run Has Started  Bitcoin is again looking very bubblicious. Last time there was a sudden surge in bitcoin fraud and theft and I wouldn’t be at all surprised if someone again tried to sabotage the competition.

What Happens when Risk Parity Divorces the Long Bond?  Hint: It’s not pretty. I think there are other responses besides equal weighting, but it really is a  high hurdle to overcome. Imagine being thrown 500 years into the future, with no knowledge of culture or current affairs. What investing method would you choose? Though nobody likes to admit it, that’s exactly the situation you’re in trying to predict what will be working well in 5 or 10 years. Moving averages are a very robust tool in that context, though far from optimal and singularly unimpressive to a grail-seeker. But I think most often the biggest edge you can have is doing what you set out to do rather than using any particular method.

Want to Be Happier? Stop Doing These 10 Things Right Now  When I get very tired and worn down, like I am now, this almost looks like my to do list.

How to Change Your Life: A User’s Guide  Bite-sized chunks work best.

Identify Market Tops and Bottoms by Doing this, Guaranteed!  Almost. Good overview of the art.

Saxo Bank Explains How Massive Stock Market Rallies End  A bit of a tortured comparison since I’m hard pressed to come up with a major top that didn’t also have badly lagging breadth. That’s the element that’s missing at the moment. Nasdaq breadth has been lagging for a while but even that has reversed a bit of late.

Where the Nation’s Highest Earners Live  A disturbing clustering around Washington DC.

IsoHunt Still Guilty Of Contributory Infringement  Fabulously tortured reasoning.

I See Red  More science of online dating.

Increasing Maternal Age Is Associated with Taller Stature and Reduced Abdominal Fat in Their Children.  I guess that explains the attraction to cougars, though reduced abdominal fat was probably a negative in the good old days of subsistence and famine.

Bernanke Fails to Answer Concerns about a Cyprus-Style Seizure of American Bank Deposits. It can be taxed at any rate, at any time, for any purpose, and they also control what you can do with what they let you keep. If someone else controls every aspect of the disposition of an asset, it’s theirs, not yours, so why be shocked that they decide to take it back?

Pseudo Random News and Comment

100K Year Old Human Skull Fossil Reveals Signs of Inbreeding Not much to choose from so you have to make do.

Adults who experience stroke before age 50 have higher risk of death over long-term  Though I didn’t make it to 50, I did pick the right type of stroke: “In patients who survived the first 30 days after an ICH, mortality gradually coincided with that expected.”

Fat and Bone Mass are Genetically Linked, Scientists Say Not sure they’ve proven what this claims since bone density and weight aren’t independent variables.

FinSpy You can tell a lot about a country by the company it keeps.

Supreme Court Gets It Right In Kirtsaeng: You Can Resell Things You Bought Abroad Without Infringing I’m surprised any time they get one right. One victory for the idea of owning what you buy.

Deus ex Cicada: Are Predatory Bird Populations Influenced by Cicadas Odd Life Cycles?  They seem to be over-thinking the casual links. Boom and bust cycles don’t just flip from one state to the next. Lifespans also make a difference, like with pandas and bamboo.

House in Nada / Fujiwarramuro Architects The slats to allow light between floors are a nice idea but what happens when you drop something?

Wolf Richter: Housing Bubble II – But This Time It’s Different Interesting numbers on rents, and the perils of being an early vulture.

Is This Bull Market Fundamentally Driven? A Look at PE Expansion PE expansion works wonders.

How Your Language Affects Your Wealth and Health Make your decisions about saving in Mandarin.

When your actions contradict your beliefs Dissonance theory (and long books).

Vitamin D linked to mitochondrial oxidative function Another reason sunshine makes you feel fine.

‘Brazilians’ and other types of pubic hair removal may boost viral infection risk Bad news and some hilarious speculations by the researchers about the reasons for the popularity. I think most people just don’t like hair in their food.

Lies, damned lies, and Apple’s new marketing strategy You know the cult is cracking when people start pointing this stuff out.

Researchers restore light sensitivity to retina using polymer-based optoelectronic interface A long way from practical application since it’s just a retina in a dish but it still worked.

Pseudo Random News and Comment

US organ transplant patient dies of rabies With enough donors it’s bound to happen at some point, but certainly not a risk I ever considered.

Rabies: hundreds checked after transplant death

What should the next RSS reader look like? A good list for aspiring developers. Look, here’s one now: Digg to build a Google Reader replacement with same API, new features

House in Sayo / Fujiwarramuro Architects Another parking lot house in Japan. Very cool.

Shocker: Court Says National Security Letters Are Unconstitutional, Bans Them …and is likely to be the subject of dozens of them as a result.

Mila Kunis Likes Stocks Potential followup to the Giselle’s curse of the Euro.

CPI Increases 0.7% In February Beginning of the end for BB brain and company? Who knows, but I’m not running out to buy bedpans yet.

Viruses Might Be Actual Living Creatures, Capable of Stealing Still not quite enough to get that promotion.

How WordPress Thrives with a 100% Remote Workforce 30 years later the wave of the future has finally arrived (but not at Yahoo). Is the fully paperless office soon to be a widespread reality too? Nah.

Stem cells transplantation technique has high potential as a novel therapeutic strategy for ED Hey doc, while you’re at it with this stem cell thing can you make it prehensile too?

Soldiers more likely to be convicted of violent offences, report reveals No way! Trained, desensitized, killers are more violent?

The Market Is Very Dangerous Here And You Should Feel Uncomfortable If you don’t feel uneasy, try reading this: JPMorgan: MF Global-like Segregation of Client Funds

Ancient Chinese coin found on Kenyan island by Field Museum expedition Shove your decoupling where the sun don’t shine. The world was pretty well coupled 600 years ago and I think Al Gore hadn’t even invented the internet then.

Trade Like A Pawn Shop A good way of bringing some objectivity to the process of trading. It’s all just buying and selling.

Pseudo Random News and Comment

Unintended Consequences Of Google Reader Shutdown: Losing Key Tool To Get Around Censored Internet In Iran & China But it’s only unintended evil.

Can’t say the same for JPM and other banksters. JPMorgan’s Internal Control Problems, or HSBC’s Got Nothing On Us!

I Need Your Help Replacing Google Reader Me too. Maybe it’s easier to go on an information fast.

Should Attractive Males Sneak: The Trade-Off between Current and Future Offspring Results pretty much as expected. If you can get away with it, go for it.

Men Who Idealize Large Breasts Are More Likely Hostile Toward Women Also not much surprise.

Spy Agencies to Get Access to U.S. Bank Transactions Database I think “officially” get access is a better way to put it. Sniffing every packet on the internet, phone lines and satellites pretty much covers it all and they’ve had that for years. The only thing missing is the ability to use all the data.

“Good patients” cover their emotional cracks More on doctors’ discomfort with emotional situations.

Lifelong exercise holds key to cognitive well-being The weekly reminder. Use it or lose it, including your mind.

The Truth About Market Timing I think in specific sets of circumstances bottoms, and to a much lesser degree tops, can be predicted with profitable accuracy. BUT you still need some way to make money the rest of the time, which is in fact the majority of the time.

Chart of the Day: Post-Massive Bear Market Rallies Some interesting tea leaves.

Study reveals 10 factors in wrongful conviction cases Not what I expected, though some could be surrogates for more intuitively appealing factors.

Definitely, maybe: Evidence grows for positive ID of Higgs boson Look for waves, you find waves. Look for particles, you find particles. Look for Higgs bosons, you find Higgs bosons. Too much of physics seems to be viewing reality through different filters and confusing that output with reality.

Pseudo Random News and Comment

Is Tampa Pension Fund Manager the Real Deal? Probably not, while everything I’ve ever achieved was completely the result of skill because that’s what it felt like to me.

JPMorgan Chase: Out of Control Yeah, I can’t believe it either. Who’d have ever guessed?

Cheney Admits that He Lied about 9/11  Another stunner.

FDIC Hides “Scores” of Bank Settlements Since 2007 But don’t worry, everything was and is great!

Jim the Realtor: Here is what it looks like at an open house Truly astounding herding behavior. A great demonstration of why value investing works over the long haul.

Angry Judge Tears Prenda Copyright Trolls Apart Couldn’t happen to a more deserving group (of scumbags).

How Your Moral Decisions are Shaped by a Bad Mood Perhaps Prenda should have read this before pissing off the judge. In a convoluted way it also implies contrarian investors are frequently in bad moods.

Havoc in biology’s most-used human cell line: Genome of HeLa cells sequenced for the first time Ooops! GIGO strikes again.

Psychiatrists, Instead of Being Embarrassed by Placebo Effect, Should Embrace It, Author Says That sort of honest self appraisal isn’t likely.

Yes, Facebook probably knows you’re gay—but it doesn’t have to Except they seem to intentionally and perpetually reconfigure privacy settings to make it difficult to stay private.

Top 10 Ways You Can Waste Money Without Realizing It Decent list.

Rapamycin Reverses Status Epilepticus-Induced Memory Deficits and Dendritic Damage I’ve been reading a lot about the downsides of mTOR inhibition so this is a small antidote to that downer.

The Cancer from Fukushima (and Hiroshima)  Dig into that seafood! It’s not as dangerous as you thought.

Less sleep leads to more eating, more weight gain, research says

Difficult But Not Impossible Ends up seeming more the latter than the former.

Even if China reverses its one-child policy it’s too late to make a difference But maybe some fertilizer can speed things up. Do dead pigs enhance fertility?

Relationships among Musical Aptitude, Digit Ratio and Testosterone in Men and Women I’m just a fan of digit ratios since they figured prominently in my mate selection process.

Harvard Kids ♥ Dalio I was going to write a separate post about this but I’m too tired. Creating an intellectual monoculture is the path to ruin no matter how good your principles or your intellect. Encouraging questioning makes no difference if everyone comes from the same background, has the same approach and assumptions, and consequently asks the same, expected, questions. A slow drift is often the most deadly disease in investing. It’s rather like aging; Every day you look in the mirror and think nothing has changed, then one morning you get up and are shocked to see that old fart in the mirror. Inbred recruiting is a symptom of creating an increasingly insular world which easily detaches from reality. It would be better to hire a few idiots, whose completely off the wall, unfounded questions would be more likely to lead to a eureka moment.

Pseudo Random News and Comment

Live Your Life As If Everyone Else Was Going to Die Today Best advice I’ve read in ages. Approaching from the opposite direction will find a solution in many situations.

The unlimited power pseudo debate, and insecurity in the name of security:

Attorney General Holder: Prez Can Assassinate Americans On U.S. Soil

Why It Matters That Rand Paul Got His Answer  But “in combat” is just another subterfuge. It’s already been established the US is in a perpetual war against terrorism and if you are declared a terrorist you are by definition an enemy combatant. Therefore you can still be killed without any due process, anywhere in the world. It’s like asking god what rules he’s required to follow. The real answer is none.

A Devastating 26-Word Challenge to President Obama’s Leadership  Wyden stays the course, at least on one issue.

How the FBI Intercepts Cell Phone Data

Police officer ‘used criminal intelligence system as dating agency’

Google Reveals Some Data About National Security Letters, May Have Exposed DOJ Duplicity

Google Says the FBI Is Secretly Spying on Some of Its Customers

9th Circuit Appeals Court: 4th Amendment Applies At The Border; Also: Password Protected Files Shouldn’t Arouse Suspicion It’s not all bad news.

10 Things I Wish I Had Known Before Becoming a Parent Your genes will find a way to convince you it’s a good idea to have kids, even though it is in no way shape or form in your own best interest (in a modern non-agrarian society). Prepare yourself to resist with this handy guide to just a few of the downsides.

How Many Billions Of Drug-Laundered Money Does It Take To Shut Down A Bank? Since it’s never happened the answer is unknowable.

Ross Anderson’s Security Engineering Online Free! A classic that’s surprisingly entertaining reading too.

Oh, the irony: Business ethics journal paper retracted for plagiarism

Putting Tests to the Test: Many Medical Procedures Prove Unnecessary and Risky A few surprises on the list.

Effects of Diet Composition on Postprandial Energy Availability during Weight Loss Maintenance Cut out too much fat and you overeat. Where’s that bag of chips?

Salt Linked to Autoimmune Diseases Seems more an accelerant than a match but interesting theory.

Short bouts of exercise boost self control This is probably overstating its importance as a causal factor but I think it can certainly boost what you already have.

Target Date Fund Follies The average person doesn’t exist so an approach geared to that person can never be ideal either.

Richard Bernstein: 3 Signs to Watch for the Next Bear Market Rare that I read something about the market that changes how I look at it.

Sexting Habits of Teens It sucks to be old.

Petroleum jelly tied to vaginal infection risk in study  Not too surprising given it’s chemical nature and the ecological balance needed. As the old joke goes, it should be called “jam” instead of jelly because that’s what it’s used for.

Why doctors don’t attend their patients’ funerals Excellent piece on doctors’ greatest fears.

The Fed Balance Sheet: What is Uncle Sam’s Largest Asset? I guess the good news is the debt can’t be discharged by bankruptcy, otherwise this is completely [painfully] laughable.

Pseudo Random News and Comment

Diamond House / Masao Yahagi Architects  Another way to balance privacy with light and ventilation.

A Creative Buzz  The benefit of a little noise in sharpening focus. I always liked to study in the cafeteria and now am completely unable to focus without music playing. I always attributed it to the interfering parts of my brain being kept occupied by the external stimuli so they wouldn’t bother me.

Waist-to-height ratio is the best indicator for undiagnosed Type 2 diabetes. So what does this say about that new confabulation called metabolic syndrome?

Handling Ibuprofen Increases Pain Tolerance and Decreases Perceived Pain Intensity in a Cold Pressor Test So powerful just touching it makes you feel better. A marketer’s dream.

Housing: The Two Bottoms Looking at prior lows I really have to wonder what will happen to housing when interest rates go up significantly.

Predictive Value of a Profile of Routine Blood Measurements on Mortality in Older Persons in the General Population: The Leiden 85-Plus Study I’m almost in the clear.

Modern Portfolio Theory Implodes: Mean Variance Optimization Bites the Dust An older post well worth a read, especially when tempted to add another layer of complexity to your method. You know you want to.

Interbreeding With Neanderthals Humanoids are a horny bunch.

Late sleepers may have more than 24 hours in a day  Something I’d wondered about.

Will Neuroscience Have A “Manhattan Project”? I hope not. It’s the death of progress in the furtherance of political goals. Manhattan created a bomb despite the secrecy and nationalization, not because of it. The success was in the furtherance of nationalist political goals, not science.

Do All Cults, Like All Psychotherapies, Exploit the Placebo Effect? It certainly doesn’t hurt. Making people sacrifice something (like huge amounts of film career income) helps too.

Economic Fascism and the Power Elite The biggest parasites aren’t welfare recipients.

Pseudo Random News and Comment

US Student Debt Almost Tripled Between 2004 And 2012  Regardless whether it still pays to go to college, flat to falling median real incomes mean the ROI is necessarily dropping like a rock. The education industry is heading for some radical changes, completely unprepared and dragged kicking and screaming.

Everrnote Forces Password Reset for 50M Users The cloud seems to have this type of bad weather rather frequently.

What if Money Was No Object? Well, what are you waiting for?

Researchers dispell the myth of altruism and generosity surrounding Mother Teresa  Again my cynicism comes up short: “There is something beautiful in seeing the poor accept their lot, to suffer it like Christ’s Passion. The world gains much from their suffering,” was her reply to criticism, cites the journalist Christopher Hitchens. Nevertheless, when Mother Teresa required palliative care, she received it in a modern American hospital.

What Is the Difference between Investing and Speculation? (via AR)  I consider everything in life speculation and solve the debate that way. All choices and actions are attempts to create a better, yet unavoidably uncertain, future. Some are in the markets, some aren’t, all are inherently speculative. That consistency of approach is apparently rather feminine according to this: Men, women evaluate losses differently in mating contexts, researcher says Women tend to be consistent in risk aversion across contexts, while men let chasing that hot piece of tail mess with their minds. Probably one of the reasons women tend to do better in the market.

How We Manage Large Declines Another rule to test!

Pregnancy permanently changes foot size Your suspicions have been confirmed, joining waistlines and bank accounts in the list of damages.

‘Where you’re treated matters’ in terms of cancer survival As much as I despise evidence based medicine, there still needs to be good reason for departures and variations. Unfortunately, not everyone can afford to travel the country to receive state of the art treatment.

A better bone marrow transplant: Preventing graft-versus-host disease Promising approach, though still focused on T-cells.

Irreversible Renal Damage after Transient Renin-Angiotensin System Stimulation: Involvement of an AT1-Receptor Mediated Immune Response Very interesting immunological effects from losartan.

Running, even in excess, doesn’t lead to more osteoarthritis and hip replacements But there’s still plantar fascitis.

Pseudo Random News and Comment

Here are the schools most likely to make you millions I was disheartened until I saw the chart that shows it different for women, for whom Harvard is #1. Pure parental genius, because our medical care is going to cost a fortune.

Is Inflation the Legacy of the Federal Reserve? It sure isn’t sexy chairmen.

Feet on the Autism Spectrum When I wear shoes I do this quite often too.

Running Pace Decrease during a Marathon Is Positively Related to Blood Markers of Muscle Damage The causes of fatigue are surprisingly hard to pin down so this isn’t nearly as obvious as it sounds.

Doctors and Dying Since I’m already a body snatcher/cyborg/crime against nature I have to lean toward intervening because a 3% chance is still greater than zero, and though I take pills, poisons and injections on a daily basis and have had needles in the eye socket, holes drilled in my head, and other unpleasant experiences, continuing still beats the alternative. Besides, I didn’t know you could put that much stuff in your eye socket. That was pretty cool.

Fanning the flames of tumor growth: Enzyme responsible for protecting chromosome ends stimulates tumorigenesis I’ve often thought the biggest hurdle in the quest for immortality is that the blind watchmaker of evolution can end upt in a situation of “you can’t get there from here.” Fixing one problem causes another. This is an unfortunate confirmation of that idea.

Doubts Emerge on the Value of Very Low Cholesterol Levels The theory needs some work. Once certain conditions exist high cholesterol is likely a problem, otherwise maybe not.

Medical myth: Stress can turn hair grey overnight  FYI

Has The Nasdaq Topped Out? Breadth has improved significantly on this last move up so it’s not looking that toppy at the moment.

Trust makes you delusional and that’s not all bad Lack of trust does too, but in the opposite direction.

Pseudo Random News and Comment

I often dismiss notions of a monolithic mainstream media as simply the result of common incentives and regulation. This slaps that idea right out of my head.

Yo! College student! Pay attention to this…Sleeping less than six hours a night skews activity of hundreds of genes

Stuxnet Missing Link Found, Resolves Some Mysteries Around the Cyberweapon More on the start of the next phase of human stupidity. Fascinating stuff.

The Arcane Rules That Keep Low-Income Kids Out of College Idiotic might be more accurate than arcane.

In a similar vein – Health Care End Game Predictable

Some Very Ugly Charts on US Employment  Not much of a recovery in those charts. I was surprised to see these numbers the other day when crunching some price/income ratios. With so many stats showing improvement it’s clear there is a major disconnect between what is counted as economic activity and actual wealth creation.

US Drones Have Killed Over 4,700 By my very rough WAG this is $2 million each. I think my neighbors would be willing to kill me for far less than that and I live in a rich country. Then again it’s all probably just a testing program for similar use in the US, particularly since the administration refuses to rule that out.

The Stories of Moving Averages’ Demise Are Greatly Exaggerated (Again) I think this is a very important point. There are a number of ways to improve risk/reward in the markets but people start tweaking in search of the Holy Grail and completely lose sight of the original goal, often under-performing the plain vanilla version in the process.

These apartments are so small they can only be photographed from the ceiling I think they need to add loft space and capitalize on that Being John Malkovich low overhead concept.

“Remembering I’ll be dead soon…” I’ve been reminded too much lately. Overdo it and things begin seeming pointless.

The Awesome Irrelevance And Vast Amorality Of You Not sure if this is a cure or not but I feel a sense of marvel when I ponder these things.

Robots Don’t Commit Suicide (and Other Robot Advantages) But it would be dangerous to extrapolate that too far into the future. More progress in AI and they may soon recognize how badly their lives suck and take an early retirement plan.

Is It True What They Say About Men With Big Feet? There are so many methodological issues with measurement I don’t think much of anything can be said with certainty, e.g. the correlation with BMI is the result of indirectly measuring obesity by measuring penis length from the skin surface rather than the pubic bone.

Hackers air Sri Lanka war crimes video on govt website Bravissimo!

The Therapeutic Role of Monocyte Chemoattractant Protein-1 in a Renal Tissue Engineering Strategy for Diabetic Patients  I have an unnatural attraction to monocytes lately.

Pseudo Random News and Comment

Effect of Antioxidant Vitamin Supplementation on Cardiovascular Outcomes: A Meta-Analysis of Randomized Controlled Trials None. That should save some money.

Five Best System Rescue Discs If you knew when you were going to need them, you wouldn’t need them.

The Broken Vaccine Whooping cough is getting around vaccination. Yup, evolution is real.

1 out of 100 benefit from whole genome sequencing That’s actually quite high given the newness of the science, and it’s only going to grow. If only it would hurry up.

How to Instill False Memories I guarantee the research is being used in state propaganda efforts. Plus the best way to beat any method of lie detection is to believe what you are saying and changing memories is a good way to do it – if you have enough time.

Degenerative cervical spine disease may not progress over time Some surgeons will be very disappointed they’re not needed.

Opting Out of Obamacare (the Unaffordable Health Care Act); Not Even Labor Unions Want It More entirely predictable consequences.

Is Skew Signalling a Pull-back? A little medicine for your complacency.

Trustworthy mating advice deepens bond between straight women and gay men I should check with the family expert on this topic for confirmation of this hypothesis.

Do Low Doses of BPA Harm People? Both sides of the debate accusing the other of making guesses based on math and models, and both are correct.

Retinal Implant Restores Vision to the Blind Without a Camera  The Bionic Man is slowly becoming reality. The modern Dr Frankenstein robs Radioshacks instead of graves.

Zuckerberg, Brin join forces to extend life  Wait, you mean rich people aren’t inherently evil?!

Meet China’s Housing Debt Slaves True believers always point out that families combine resources to afford astronomical price/income ratios, but unless successive generations are all going to live in the same tiny apartment sooner or later the scheme must come apart. The housing giveaways to the older generation were the seed money to get the ball rolling but that was a one time event.

Towards Integrated Physical Activity Profiling It could be more difficult to be both an athlete and a couch potato than had been theorized.

Pseudo Random News and Comment

Missed this on Valentine’s Day. Pantani remains my favorite cyclist – I even have his ears – Remembering Marco Pantani nine years after his death

The 7 Habits of Calmness Something many people need help with.

The Drones Come Home And they won’t be good guests.

This is why it takes so long to get over tendon injuries They’re apparently designed not to get injured in the first place, not to recover if they do.

Interesting Gender Research Attractive men and women tend to use their power for different ends.

How You Are Unlikely to Die Nice graphic of the most likely unnatural causes of death. Natural causes are still the worst.

The New PE Ratio: Price to Ego Stunning behavior. I said fiduciary duty isn’t worth much on the job (here), but it still shocks me to see it proven so blatantly.  A bit more detail here – Meet The Icahnator: This Is What Happens When You Piss Off A Billionaire On Prime Time TV

Having multiple sex partners linked to later drug and alcohol problems All sorts of moralistic explanations possible but the most likely is all are risky behaviors, so it would be reasonable to assume they would also have more traffic tickets and other examples of risk seeking behavior. Maybe even highly leverage forex trading.

Today marks one year since I converted to SRL+MMF from SRL+low dose TAC. Average creatinine has dropped 0.68 since conversion and BP and HR decreased significantly, so I have to say it’s a success even though I’ve felt weak and half sick all the time, had more acne, more saddle sores, and a decade’s worth of cavities in the last 6 months. But when you literally have to pick your poison that’s about as good as it gets.

Pseudo Random News and Comment – Valentine’s Day Edition

New Sexual Revolution: Polyamory May Be Good for You But they’re not particularly wealthy despite higher education generally. Probably too busy.

The World’s Oldest Pornography Funky hats were big too.

NCBI ROFL: Which is better: sexy ladies or money?The many ways a man’s mind gets twisted.

There Is No Free Won’t: Antecedent Brain Activity Predicts Decisions to Inhibit No free will, no free won’t, no reason to ask why someone loves you. They don’t know and will feel forced to make something up.

Researchers discover gene that suppresses herpesviruses I think particularly in the case of herpes simplex 1 there is significant evolutionary pressure toward asymptomatic viral shedding since visible sores aren’t a good marketing tool.

Oscar Pistorius to face murder charge over girlfriend’s shooting  An athlete finds a way to make Lance appear a decent human being.

Snoring tied to increased cardiovascular risk in women But don’t they all snore?

Association of Abdominal Obesity with Lumbar Disc Degeneration – A Magnetic Resonance Imaging Study  Not too surprising. More weight = more back problems.

Pretty Useful: Appendix Evolved More Than 30 Times  32 times in mammals. Thank god they didn’t patent it.

SCOPE / mA-style architects Decidedly un-boxlike.

How to Do a Clean Install of Windows Without Losing Your Files, Settings, and Tweaks Leaving out one step of this means I still don’t recognize my computer after restoring last weekend.

Market Volatility and Returns If some bits of the future are easier than others to predict, can you really do something with it? Since everyone will try to do the same thing I’m not sure.

Texas DMV Sells Personal Information To Hundreds Of Companies; Drivers Not Allowed To Opt-Out Texas isn’t the only state that does this either.

MOND used to predict key property in Andromeda’s satellites Dark matter prospects get dimmed.

Let’s Stop Calling Countries “Markets” Only if you stop calling arbitrarily chosen groups of people within state defined geographic boundaries “countries.”  The irresistible urge to aggregate strikes again.

Meet Stingray Surveillance: The “Unconstitutional, All-You-Can-Eat Data Buffet” More proof laws are only for the little people.

Pseudo Random News and Comment

I Poo-Poo TAA and Readers Respond  Must read of the month. I basically agree with this prognosis for TAA. I think there are some ways to address the issue, though probably not in ways that most practitioners would find satisfactory. Someday I’ll finish a post on the topic.

Happy Darwin Day! Did more for human progress than any politician, so celebrate his birthday instead.

Help Shy Kids—Don’t Punish Them I hated participation requirements and generally refused unless forced by threatening my GPA. If forced I tried to ask questions highlighting the gaps in the tormentor’s knowledge until I was exempted.

Why Americans Are Saying No to Domestic Drones But it doesn’t matter. In fact it’s a great reason to use more drones to keep an eye on those people.

Teen births hit record low, CDC reports Pretty amazing given how early puberty arrives these days.

Inflation, Mean-Reversion, And 113 Years Of Bond & Stock Returns A gaggle of interesting charts, unfortunately not all are 113 years. That would be really fascinating.

FBI ‘Stops’ Yet Another Of Its Own Terrorist Threats Do Mr and Mrs America really believe the headlines these arrests generate? I have the feeling many do, which is really the point of doing them, so they’re likely to escalate.

Complex science is very hard Especially when it doesn’t generate headlines or grants.

The Effect of Exercise on Visceral Adipose Tissue in Overweight Adults: A Systematic Review and Meta-Analysis  Sorry, aerobic exercise of “moderate to high intensity” was most effective.

Pseudo Random News and Comment

Don’t Get Fooled By Noise in Data  The uses and abuses of big data. Massive computing power allows you to reach an erroneous conclusion faster and more economically than ever.

Spanish researchers cure type 1 diabetes in dogs I’ve been waiting 46 years and they might finally be getting close.

Swimming Training Induces Liver Mitochondrial Adaptations to Oxidative Stress in Rats Submitted to Repeated Exhaustive Swimming Bouts repeating this link because it ties in so well with the next one -

Exercise Attenuates Renal Dysfunction with Preservation of Myocardial Function in Chronic Kidney Disease I really like this because it’s not just improving vitality in a fixed lifespan but improving things that shorten it.

Zinc helps against infection by tapping brakes in immune response

How do Israelis give babies peanut products—and escape allergies? Sort of a corollary of the hygiene hypothesis.

Some stroke patients whose life support is withdrawn may have achieved a less-than-ideal Oops. But I’m sure your organs were put to good use elsewhere.

Effects of ACE Inhibitors on Long-term Outcome of Renal Transplant Recipients: A Randomized Controlled Trial  If you needed more evidence for some reason. A greater benefit than for the population at large.

High blood hemoglobin concentration as risk factor of major atherosclerotic cardiovascular events in 114,159 healthy men and women in the Apolipoprotein MOrtality RISk study (AMORIS)  For all the hubbub about using EPO to correct anemia in CKD and dialysis patients (results in transplant patients so far don’t look bad), this is all I could find about the effects of higher hemoglobin in healthy subjects. Not great.

These 3D Portraits Were Created Using Only a Person’s DNA Interesting experiment. Even a familial resemblance is a pretty good result.

The simplicity of Chinese accounting scandals The beauty of Chinese fraud is that the simple methods are interlocked in layer after layer across many individuals and companies so there is never a truly reliable external source for validating a number.

Robert Shiller: Don’t Invest in Housing Totally agree with his reasoning but the mere fact that he’s out there saying it makes me want to do the opposite. That’s the trouble with being a natural-born contrarian. It’s often hard to stop.

Ignorance on Markets Idiot employee of the year. Fast food workers have always shown these traits but he really elevated his game.

NCBI ROFL: How other women view your sexy outfit. Science proves women are prone to cat-fights.

How to Track the Emails You Send (and Avoid Being Tracked Yourself) The latest in stalker tech and counter measures.

Connecting the dots on “Luigi” 200 Bags of Blood: The Mystery of “The Classics Guy from Luigi”  Cancellara was always the best guess.