The coming energy crisis – the case of dwindling Saudi oil reserves (video + transcript)

Last week the Visual Capitalist published another one of their infographics, this time about the oil reserves of different nations. As usual, they make nice-looking graphics, but this document yet again perpetuates the seemingly immortal myth about the magical, inexhaustible Saudi oil reserves which, says the Visual Capitalist, amount to 291 billion barrels. They got … Continue reading The coming energy crisis – the case of dwindling Saudi oil reserves (video + transcript)

Trend following is the only valid answer to the problem of uncertainty

The most fundamental determining fact in connection with organization is the meeting of uncertainty. The responsible decisions in organized economic life are price decisions; others can be reduced to routineFrank Knight, "Risk, Uncertainty and Profit" Over the years I’d written many articles suggesting that price forecasting based on market fundamentals is a waste of time … Continue reading Trend following is the only valid answer to the problem of uncertainty