Wilmott

HIQLEQ

11 April 2011 Paul Comments Off

In 1983 Howard Gardner proposed a theory of ‘multiple intelligences,’ and to date has listed eight different types: Spatial; Linguistic; Logical-mathematical; Bodily-kinesthetic; Musical; Interpersonal; Intrapersonal; Naturalistic. The interesting point about this is not the concept, […]

Rewarding Mathematics

14 March 2011 Paul Comments Off

We hear a lot about how talent will leave the major financial centres if taxes or regulations become unacceptable. That people move to more favourable locations is more or less plausible. But what seems to […]

The “Inbox Test for Stability of the Global Financial Market”

3 December 2010 Paul Comments Off

Another day, another email in my inbox announcing another High Frequency Trading conference. I have nothing against the emails (we send quite a few of them ourselves) and I have nothing against HFT per se. […]

Cyberterrorism

19 October 2010 Paul Comments Off

Cyberterrorism is in the news so I thought I’d share this little story with you. A year or two ago I was at a dinner of the Great and the Good. I sat next to […]

High-frequency Trading: Where are we and how did we get here?

28 June 2010 Paul Comments Off

“The truth is the high-frequency traders create volatility and create liquidity,” said John Damgard, president of the Futures Industry Association. What he apparently meant to say was that they reduce volatility, not create it. And […]

Out With The New, In With The Old

12 May 2010 Paul Comments Off

Goodbye, New Labour, you won’t be missed. And the fondest of fond farewells to Peter Mandelson, please don’t keep in touch. Back to Old-style politics in which MPs and cabinet ministers have their say, no […]

Desperate Times, Desperate Measures – How Desperate Can You Get?

10 May 2010 Paul Comments Off

Brown graciously offers to run the country as PM for a few more months with a LibLab pact, and then will step down after Labour has chosen a new leader. Thanks, Gordon, but do you […]

Politics, Panic and Poker

10 May 2010 Paul Comments Off

The Conservatives have offered the LibDems a referendum on electoral reform (albeit only on a very weak version of reform). Clearly a panic move, they didn’t even wait to get a sense of people’s reactions […]

Brown Out

9 May 2010 Paul Comments Off

Following the election result (not that there has been an actual ‘result’) and while waiting for the horse trading to lead somewhere, there are only two things that are absolutely certain: 1. Brown will not […]

The Labour Manifesto – the Deniability Quotient

13 April 2010 Paul Comments Off

I’d never bothered to read a political manifesto before today. But I suspected that some fun could be had with them. If you know that someone has a tendency to be economical with the truth […]