OK….YOU’VE SUFFERED a huge loss. What makes it worse is you know, at a deep core level, that you did this. You DID this. Your actions made this happen. But I’ve been there. I’ve been struggling for breath as the 50 foot waves sent me tumbling, fighting, unable to control what was happening. I’ve felt…
Patience may be a virtue, but it could also be a key economic indicator. Economists are interested in values like patience, altruism, and trust because they play key roles in how people behave. Those individual and collective behaviors can have wide-ranging effects on a nation’s propensity for armed conflict, trajectories of per capita income, and…
Should investors care about a fund manager’s relationship status? What kind of car they drive? Ask them if they’ve won any poker games lately? Research points to yes. A recent outpouring of academic papers links the investment performance of professional fund managers to their characteristics as individuals — how they grew up, their personality traits,…
I had been toying with the idea of binning my LinkedIn profile since it seems to consist of little more than people with odd titles posting random motivational pictures and the occasional bit of crap about their cat. But it does seem to be the gift that keeps on giving in terms of the nonsense…
I am always interested in the relationship between the level of compensation for a CEO and their level of shareholder return. Full graphic here – howmuch
In 1975, researchers at Stanford invited a group of undergraduates to take part in a study about suicide. They were presented with pairs of suicide notes. In each pair, one note had been composed by a random individual, the other by a person who had subsequently taken his own life. The students were then asked…
In a House hearing on monetary policy last week, Federal Reserve Chair Jerome Powell made a telling confession in response to a question from Rep. Alexandria Ocasio-Cortez (D-NY). The topic was the so-called natural rate of unemployment: the idea, believed by many economists and policymakers, that there is a rate at which unemployment could get so low…
I guess you would get the same answer if the question was asked here. More here – ArsTechnica
There is a line attributed to Ernest Hemingway — that the first draft of everything is shit — which, of all the beautiful things Hemingway has written, applies most powerfully to the ending of A Farewell to Arms. There are no fewer than 47 alternate endings to the book. Each one is a window into how much…
In recent years, a grassroots movement of physicians have begun prescribing time outdoors as the best possible treatment for a growing list of ailments, from anxiety and obesity to attention-deficit disorder and high blood pressure. Meanwhile, research institutes for nature and health are opening at major medical centers and a couple bold insurance companies are…
Financial markets are rife with stupid homilies and if we look at the strict definition of the word homily we get – a religious discourse which is intended primarily for spiritual edification rather than doctrinal instruction. That is something designed to make you feel good rather than teach you anything. If you are in trading…
I came across a piece titled The Best Ten Years Ever and being a student of market history I took more than a cursory glance. The article is filled with some very interesting charts based around the S&P500 and a series of metrics measuring performance. Things like this appeal to me because they offer a…
