Sneak Peek at Weekend Reading

Here is a sneak peek at some links from my weekly Weekend Reading column over at

  • Rumors rife of another failing U.K. bank (Guardian)
  • Canadian currency (and others) disconnecting from U.S. economy (G&M)
  • Some Vegas casinos are seeing lower win rates for table games (WSJ)
  • Food prices are skyrocketing as farmers adapt to biofuels and other factors (Economist)
  • California uber-realtor recommends people get out of the business (L.A. Times)
  • Art funds and related indices are popping up in the greatest bull market for art in history (IDD)
  • Jim Rogers Call Ben Bernanke a “nut” (Bloomberg)
  • Investors hate, hate, hate, hate, hate the U.S. dollar (Reuters)
  • Doubling in oil recovery efficiency seen possible (O&G Journal)

Related posts:

  1. Sneak Peek at Weekend Reading
  2. Sneak Peek at Weekend Reading
  3. Sneak Peek at Weekend Reading
  4. Sneak Peek at Weekend Reading
  5. Sneak Peek at Weekend Reading


  1. Karthik says:

    Investors hate, hate, hate, hate, hate the U.S. dollar

    And here I thought that they’d be love, love, loving the US dollar because now would be a good time to buy it all up, when it’s cheap? ;)

  2. Drake says:

    Back from weekend in Vancouver. First time ever– CDN$ worth more than USD. Ouch!

  3. I know, I know. Crazy thing. The end of the world must be nigh.

  4. Andy Nelson says:

    Month to month fluctuations in casino profits are fascinating. A month in a big casino is not long enough for probabilities to even out. That should be a lesson for anyone who wants to be a professional gambler.
    The really surprising thing is the expected win rate of 20%. Most players at the tables are making decisions based on instincts and intuition or memories of playing 21 as a kid. It only takes a couple of hours of reading to lower the casino win rate to less than 2%. A 20% win rate doesn’t mean that the casino takes 20% of your money; it means that they will end up with all of your money. At 100 hands per hour, $10 per hand times 20% means they are taking $200 per hour. If you start with a bank role of 40 betting units, you will be done in 2 hours. With a 2% win rate, you would expect to lose $20 per hour. After netting out the free drinks, it is similar to the cost of going to a movie, and you have a chance of riding some hot streaks. You will never have a hot streak against a 20% head wind.
    Casino gambling may be the only area of life where going in with a defeatist attitude and understanding that you will lose (and taking steps to minimize losses) is the key to enjoying yourself.