Interesting study.
“What ends up on a buffet diner’s plate is dramatically determined by the presentation order of food. Rearranging food order from healthiest to least healthy can nudge unknowing or even resistant diners toward a healthier meal, helping make them slim by design.”
Serving Healthy Foods First in Buffet Lines Improves Overall Meal Selection
So many interviews on financial television is full of bullshit, meaningless nothingness or jargon filled inability to communicate anything useful.
Just came across this interview with Howard Marks on Bloomberg and it was amazing to hear answers that was clear and direct to the questions that were asked.
Is it a good time to get into the market? Risk is higher now because the market has been on a bull run for a long time.
Is investing like gambling? Investing relies on four factors. Information, luck, timing and skill.
What if you don’t have skill or information? In the past, mutual funds were paid over 1% in fees. However, they have shown that generally they don’t beat the market. So invest in index funds aka ETFs.
Watch the video here.
Gideon Rachman in The Financial Times on why Brexit may not happen.
And what kind of new concession should be offered? That is easy. What Mr Johnson would need to win a second referendum is an emergency brake on free movement of people, allowing the UK to limit the number of EU nationals moving to Britain if it has surged beyond a certain level.
In retrospect, it was a big mistake on the part of the EU not to give Mr Cameron exactly this concession in his renegotiation of the UK’s terms of membership early this year. It was the prime minister’s inability to promise that Britain could set an upper limit on immigration that probably ultimately lost him the vote.
Sounds logical to me.
The FT’s Tim Harford takes on the cost of EU citizenship.
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I hardly think that €650,000 cheapens the EU passport. For the typical British citizen, the message Malta is sending is that the passport in your pocket is worth more than your house and your pension pot put together. Which may not be far wrong: take a typical UK citizen, dump her in Calcutta or Dar es Salaam and see how she gets on. EU citizenship is more valuable than most EU citizens realise.
The hottest country in Europe for PMI (Purchasing Managers Index) in July is…
Ireland
What is PMI (Purchasing Managers Index) anyway? According to Investopedia:
PMI is a very important sentiment reading, not only for manufacturing, but also the economy as a whole. Although U.S. manufacturing is not the huge component of total gross domestic product (GDP) that it once was, this industry is still where recessions tend to begin and end. For this reason, the PMI is very closely watched, setting the tone for the upcoming month and other indicator releases.
The magic number for the PMI is 50. A reading of 50 or higher generally indicates that the industry is expanding. If manufacturing is expanding, the general economy should be doing likewise. As such, it is considered a good indicator of future GDP levels. Many economists will adjust their GDP estimates after reading the PMI report.
Read more: http://www.investopedia.com/university/releases/napm.asp#ixzz22ITKRJ8s
Very interesting article in the Guardian today about the type of foods we are eating and the effect it has on obesity levels in society. The main lesson? Processed foods contain even more sugar than ever and that is what makes people fat in the developed world.
At New York University, Professor Anthony Sclafani, a nutritionist studying appetite and weight gain, noticed something strange about his lab rats. When they ate rat food, they put on weight normally. But when they ate processed food from a supermarket, they ballooned in a matter of days. Their appetite for sugary foods was insatiable: they just carried on eating.
Business Insider has the scoop
The best performer in the world over the past year: Irish government bonds, returning 19.0 percent.
Read more: http://www.businessinsider.com/best-performing-asset-12-months-2012-5#ixzz1vtNLYsCe
