We like to think of ourselves as special because we can reason and we like to think that this ability expresses the essence of what it is to be human. In many ways this belief has formed our civilization; throughout history, we have used supposed differences in rationality to justify moral and political distinctions between…Details
Apropos of this recent piece I wrote in the change in tone in markets I have been thinking more about the notion of change and our inability to see it as it is occurring. What prompted this latest musing was a walk past local tennis club over the weekend and I noticed something very interesting…Details
“It is the very pursuit of happiness that thwarts happiness.” In September 1942, Viktor Frankl, a prominent Jewish psychiatrist and neurologist in Vienna, was arrested and transported to a Nazi concentration camp with his wife and parents. Three years later, when his camp was liberated, most of his family, including his pregnant wife, had perished…Details
One of the great things about investing is the many ways that people approach it. Throughout history it’s been shown that hundreds (if not more) ways have been used to turn a profit within the stock market…. Whether you use fundamentals, technicals, astrology, or hire a monkey to throw a dart. However, one commonality among…Details
Not only are they more socially progressive they also seem nicer.
It’s astonishing to me how some ideas endure even when it’s obvious that they are no longer relevant,” Dan Ariely writes in his latest book, Payoff: The Hidden Logic That Shapes Our Motivations. A professor of psychology and behavioral economics at Duke University, Ariely relentlessly examines our assumptions about ourselves—and finds they’re often totally misconstrued.…Details
In 1979, psychologist Ellen Langer and her students carefully refurbished an old monastery in Peterborough, New Hampshire, to resemble a place that would have existed two decades earlier. They invited a group of elderly men in their late 70s and early 80s to spend a week with them and live as they did in 1959,…Details
Someone who clearly doesn’t know me very well sent me this meme. Apparently, it is from one of our many cognitively challenged politicians suggesting that the unemployed should all go into the armed forces. Whilst, it is a profoundly stupid idea as we will see in a minute it will no doubt play well with…Details