Crisis Management Flowchart Tool

Societe Generale

Read the previous blog posts by Chris. F. Masse:

  • When copies are free, you need to sell things that can not be copied.
  • BetFair Starting Price = Simplified Trading —just like MSR is, but without an AMM.
  • Predict Google’s market share (extracting early information from primary sources), and become rich —maybe (or maybe not).
  • Midas Oracle is the most popular blog network covering the prediction markets and the prediction market industry (and that includes BetFair-TradeFair, TradeSports-InTrade, Google, Consensus Point, Justin Wolfers, Robin Hanson, and the rest of the pack).
  • Hot-Linking InTrade’s Advanced Charts
  • Prediction Markets on FaceBook
  • BetFair SP = BetFair Starting Price

Journalism Failures – Big Time

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In February 2001, Fortune magazine named ENRON the &#8220-most innovative company&#8221-.

In October 2007, Robin Hanson, on the Overcoming Bias blog, re-published the falsehood that James Surowiecki (and 3 other book authors in their respective book) made a mistake about Francis Galton in his book, The Wisdom Of Crowds.

In January 2008, the &#8220-BetFair Prof&#8221- (Leighton Vaughan-Williams) claimed, on the BetFair blog, that the &#8220-betting markets&#8221- foresaw the Republican race in the Michigan primary.

In January 2008, Risk magazine named SOCIETE GENERALE (recently busted by one of its traders, which lead to a loss of 7.2 billion dollars) the &#8220-equity derivatives house of the year&#8221-.


TAKEAWAY: Either by complete incompetence or by lack of investigation means, journalism is not up to its lofty goal &#8212-telling the truth to people.


Risk magazine

(Via Marc Andreessen.)


Jerome Kerviel, soon to be named &#8220-person of the year&#8221- by Risk magazine? :-D

Jerome Kerviel


Societe Generale Logo

Societe General Tower in Paris

Previous blog posts by Chris F. Masse:

  • A second look at HedgeStreet’s comment to the CFTC about “event markets”
  • Since YooPick opened their door, Midas Oracle has been getting, daily, 2 or 3 dozens referrals from FaceBook.
  • US presidential hopeful John McCain hates the Midas Oracle bloggers.
  • If you have tried to contact Chris Masse thru the Midas Oracle Contact Form, I’m terribly sorry to inform you that your message was not delivered to the recipient.
  • “Over a ten-year period commencing on January 1, 2008, and ending on December 31, 2017, the S & P 500 will outperform a portfolio of funds of hedge funds, when performance is measured on a basis net of fees, costs and expenses.”
  • Meet professor Thomas W. Malone (on the right), from the MIT’s Center for Collective Intelligence.