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Latest Newsletter
1 May 2012
Workers Day, well, besides enjoying a day off, it provoked some thought too.
Among the confusion in press and news, where the “don’t knowers” are getting more than their fair share of print column space and airtime these days, I would like to add to that space and raise some thoughts:
Point 1:
“Spreading across the Atlantic from Europe is an anti-risk culture,” says Niall Ferguson — the historian and prolific author who holds posts at Harvard, Stanford and Oxford.
This “anti-risk culture” makes itself felt in two ways, he says in a Barron’s interview. “One is the welfare state, designed to remove risk from your life by guaranteeing you an income from the cradle to the grave.”
“That’s great because it means that nobody is starving in the streets for want of work. But it isn’t great if you create poverty traps and disincentives, so that people in the bottom quintile never work, which is the case in much of Europe.”
Beauty of the Fibonacci Ratio
Recommended Reading
The following books are available from most online bookstores, Robert Prechter's books being easily sourced through Elliott Wave.com.
Please feel free to suggest any titles relevant to my site, here's my preliminary list :
FAQ's
Who was Fibonacci ?
Leonardo Fibonacci was a brilliant mathematician living in Pisa, Italy, in the 12th century. He was the son of a diplomat and thus had exposure to foreign countries. He introduced Europe to our modern number system and also founded the so called Fibonacci series which is also the home of the Fibonacci Ratio, also named PHI or the Golden Ratio, 0.618.