Latest news with #DanielRasmussen
9 News
11-06-2025
- General
- 9 News
'Remain indoors': Fire north of Brisbane prompts emergency warning for hundreds
Your web browser is no longer supported. To improve your experience update it here A storage facility fire that spewed smoke high into the air north of Brisbane has prompted an emergency declaration affecting hundreds of Queensland homes. Up to 75 firefighters were battling the blaze, which broke out at the business on Old Gympie Road, Burpengary, about 6pm last night. "A large volume of smoke is affecting the surrounding area, including the Bruce Highway," firefighters warned. A fire broke out in a storage facility in Burpengary on Wednesday, June 11, 2025. (9News) Police made an emergency declaration under the Public Safety Preservation Act about an hour late, affecting the reasonably large area within the bounds of New Settlement, Pitt, Bellini, Twists and Old Bay roads. "Members of the public are advised to avoid the area and those within the exclusion zone are asked to remain indoors and close their windows until further notice," police said. "A number of roads in the area are being affected due to the large amount of smoke from the fire." Queensland Fire Department acting Inspector Daniel Rasmussen said it would be "quite a long night". Up to 75 firefighters were battling the blaze, which broke out at the business on Old Gympie Road, Burpengary, about 6pm last night. (9News) Queensland Fire Department acting Inspector Daniel Rasmussen said it would be "quite a long night" in Burpengary on Wednesday, June 11, 2025. (9News) "It's going to be quite a protracted incident due to the nature of the construction of the building and the nature of a storage facility, has lots of different rooms and lots of different items inside," he said. He said the fire was in one half of the building, separated by a firewall and "got quite big, quite fast". "The firefighters have done a great job to contain the fire, stopping it to spread to the other buildings, stopping it to spread to the other half of the building that's on fire, and to contain it so that when it does collapse, it's not going to do any more damage to other buildings," he said. fires fire queensland national Australia CONTACT US Property News: The last inner Sydney suburbs where houses cost under $2m.
Wall Street Journal
09-04-2025
- Business
- Wall Street Journal
‘The Humble Investor' and ‘How Not to Invest': Money Matters
Three decades ago, several academic economists recognized that finance isn't physics and its questions can't be answered with an equation, no matter how many esoteric inputs are involved. Since then, we've begun to accept that finance is about what fallible human beings should and shouldn't do with their money. What to do and what not to do—what else is there to know? At times like these, with the S&P 500 flirting with bear-market territory, how you answer these questions can make a big difference. Daniel Rasmussen's 'The Humble Investor: How to Find a Winning Edge in a Surprising World' begins with a thoughtful bit of time travel back to when economists were certain they had figured out how to precisely value stocks, only to have markets prove them embarrassingly wrong. Mr. Rasmussen suggests that investing is not a game of analysis but rather of meta-analysis: 'It doesn't matter what you think; it matters what you think relative to what everyone else in the market thinks.' Studying how other people think about markets, he argues, can give us an edge. Mr. Rasmussen runs a hedge fund and writes in an understandable and unadorned way, with the occasional exception when his quantitative approach requires dense detail. He starts out by describing the first efforts to rigorously determine the value—not only the price—of stocks. He explains how the Depression-era dividend-discount model, for example, promised precision but failed because the inputs were subjective. Successive financial frameworks such as modern portfolio theory and the capital-asset pricing model have advanced the field, yet all fail on some level because none properly accounts for the human factor. Mr. Rasmussen focuses on this aspect. He counsels against overconfidence—in the valuation of a stock or in our own behavioral foibles—and argues that we can 'turn humility about our own abilities into an edge in markets.'
