The Most Influential Prizes in the World is The Nobel Prize in Economics

I’ve been mum on the Nobel prize in economics because I honestly don’t know much about Jean Tirole and his microeconomic work.  But I think we should silence one discussion that inevitably arises every time the award is handed out.  That’s the idea that the award is somehow fake or something.  It’s true that the award in economics wasn’t conceived by Alfred Nobel and was added over 70 years after he died.  And it’s true that the award was created by the Swedish Central Bank in large part to celebrate its 300th anniversary.  So what?

No matter how many times people say that the award isn’t “official” it just doesn’t matter.  The reason why is because the award actually acts as an incredibly powerful status symbol.  If you’re an economist with a Nobel prize you are automatically lifted onto a pedestal above everyone else.  Your words carry greater influence and your impact on the world undoubtedly increases.  This is particularly true in the field of economics because economists have such a tremendous impact on public policy which impacts all of us.

In my opinion, it doesn’t matter one bit if Alfred Nobel didn’t conceive the award.  It doesn’t matter if certain people think it’s fake.  The bottom line is that winning the Nobel prize in economics is a huge huge deal that lifts the winner from being important to being beyond important.  Alfred Nobel might not have approved of the award, but the fact that his name is attached to the economics prize is a big deal.  And its winners will continue to have a tremendous impact on all of our lives in the future.  That reason alone makes the Nobel in Economics important and arguably more important and impactful than any other Nobel that is awarded.

Oh, and congratulations Mr. Tirole!  Don’t let your new found influence go to waste….

Visualizing The World's Stock Exchanges

There are 60 major stock exchanges throughout the world, and their range of sizes is quite surprising.

As Visual Capitalist’s Jeff Desjardin notes, at the high end of the spectrum is the mighty NYSE, representing $18.5 trillion in market capitalization, or about 27% of the total market for global equities.

At the lower end? Stock exchanges on the tiny islands of Malta, Cyprus, and Bermuda all range from just $1 billion to $4 billion in value. Even added together, these three exchanges make up just 0.01% of total market capitalization. Continue reading »

Anything can happen in Stock Market

Traded at Nasdaq ,Just see movement of 4th March and look at what happened on 14th May.

-In single session crashed by 41% and see volume (Mind Blowing )

Really anything is possible and it’s a old saying :Crows everywhere are equally black

Technically Yours

Anirudh Sethi/Baroda/India

9 Rules For Traders

1. Don’t Fight the Tape – the trend is your friend, go with Mo (Momentum that is)

2. Don’t Fight the Fed – Fed policy influences interest rates and liquidity – money moves markets.

3. Beware of the Crowd at Extremes – psychology and liquidity are linked, relative relationships revert, valuation = long-term extremes in psychology, general crowd psychology impacts the markets

4. Rely on Objective Indicators – indicators are not perfect but objectively give you consistency, use observable evidence not theoretical

5. Be Disciplined – anchor exposure to facts not gut reaction

6. Practice Risk Management – being right is very difficult…thus, making money needs risk management

7. Remain Flexible – adapt to changes in data, the environment, and the markets

8. Money Management Rules – be humble and flexible – be able to turn emotions upside down, let profits run and cut losses short, think in terms of risk including opportunity risk of missing a bull market, buy the rumor and sell the news

9. Those Who Do Not Study History Are Condemned to Repeat Its Mistakes