Thursday, 9 February 2017

$400 Trillion buys u a lot

Reading Edward Thorp's new book ... 'A man for all markets', is a joy, as he knows his subject, like inside out, and relates it well, to the average reader.

Reading books, I often find cross-referencing .. and, sometimes, I can either agree, with what was written elsewhere, or pause.  (Especially, when the authors are now dead), there are disputes, as to the truth. For instance, Kerry Packer,('The rise and rise of Kerry Packer') was obviously an extremely wealthy man, who liked to gamble, gave huge tips, but, sometimes, did not pay his gambling debts. This I found odd. In Bill Waterhouses book, in 2009 'What are the odds', he gave his account, of a dispute with Kerry, and how he could have handled it better.

In just about all life, there are 3 sides to any story .. your version, his version, and the truth, which maybe in between.

In Edward Thorps book, he puts the value on the earth, at $400 trillion. I am sure he is right .. this man makes few mistakes, and Warren Buffet put the value of the world gold value, (in 2009), at $7 trillion, and the value of the US stock market, about $20 trillion. So, I can see, that the numbers make sense.

What doesnt make a great deal of sense to me .. is the prices for cricket hospitality in the UK.

Its looking like a v busy summer of cricket, and I am being inundated with offers .. last chance !! to buy hospitality, ranging from $340 to £500 for a days cricket.

The cheapest I have actually paid for a ticket (many places were free), is $0.25c, to watch an international match in Sri lanka, on the concrete steps. Sure, its uncomfortable .. but, u get what u pay for. At £400 for a ticket, u would have to drink, an awful lot, to realise anything like value, and your body, may take offence.

I hope people stay away .. but, fear, they will not.

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