Whilst out at lunch the other day I spied a couple reading this article . The article itself is nothing spectacular, it merely notes the fact that one analyst who covers BHP had placed an underweight rating on the stock back in May. Now I freely confess that despite having been a broker I have no idea what…Details
We may be seeing the Dunning-Kruger effect in groups. The Dunning-Kruger effect reflects a persistent bias in how we assess our own specific competence in an area. The effect is often summarized (usually for the purpose of snark on an internet exchange) as, “dumb people are too dumb to realize how dumb they…Details
Interesting piece from the ABC’s Health Report on the importance of checklists. The concept I have always found interesting is the notion of a time out before doing anything, even when you feel a time pressure. As traders we often feel compelled to act as quickly because of the thought of missing out.
Howler monkeys are the loudest land animals on Earth, capable of bellowing atvolumes of 140 decibels, which is on the level of gunshots or firecrackers. Not surprisingly, male howlers frequently use this power to advertise their sexual fitness, catcalling females with their ear-splitting roars. But in a beautiful twist of expectations, scientists have now found…Details
One of the more interesting things about following hedge funds is the behaviour of those who run them. At various times they will get into wonderfully childish slanging matches with one another that generally take on the following dialogue. Hedge Fund Loser One – The stock you own is bullshit… Hedge fund Loser Two –…Details