Last year, I wrote a piece on how to chart financial data with php. That was before I discovered the flexibility of google docs. A pure php / mysql solution with a web proxy and jquery is more flexible, but it requires server access and the ability to set up a remote database.
Risk: an unconventional approach
The comedian Robert “Bobcat” Goldthwaite had a routine about bad ideas, like the day someone decided to cook with an open flame on the Hindenburg. Or, in all seriousness, someone decided that it was a good idea to board an airship attached to a giant ball of flammable gas. What drives humans to make such stupid mistakes? Economists think it has something to do with commonly held misconceptions about risk or, as Bobcat might put it, mass brain-damage.
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Data trading for value investors
For all the badgering that the Chicago School has taken in the months following the market collapse, the efficient market theorists got one thing right: markets react fast to new information. There’s a lovely scene in “Fun with Dick and Jane” that illustrates this perfectly:
The markets really do react this quickly! I remember an exercise in business school where we watched a CNBC reporter revealing new information about a company while, next to her, a stock chart tracked the company’s stock price in real time. She was the first anchor with positive information, and by the end of her five-minute report, the stock had climbed more than 10%.
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