Why Facts Don’t Change Our Minds

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…

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What Economists Have Gotten Wrong for Decades

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…

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How To Recover When The World Breaks You

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…

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The Doctors Prescribing Nature

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…

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Stupid Things People Say

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…

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The Best Ten Years Ever

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…

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ACCORDING TO THE Harvard Business Review, more people under the age of 45 (43%) say they’re ‘constantly exhausted at work’, instead of over the age of 45 (35%). Funnily enough… the least exhausted are those greater than 60 years old. So, it might be time that we stopped using age as an excuse for not…

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Well… actually…

SCENE: EXCLUSIVE INTERNATIONAL tropical hotel. I’m sitting by the pool, margarita in hand, sunglasses on – looking at share charts on my laptop. Mid 60s deck chair neighbour wearing retina-damaging speedos, a forest of body hair, sporting an over-tanned big brown belly leans over to me. “What’s that you’re looking at, love?” Me: “Share charts”…

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