Serving in the Marine Corps was an unforgettable experience. Civilians often tell us “thank you for your service”; however, the real “thanks” is due to the Corps for giving us valuable life lessons. The not-so subtle teachings bestowed upon us by heavily muscled, insanely aggressive Marine Corps Drill Sergeants are still, literally, ringing in our…
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Thaler has a mischievous mind. At the same time that he was producing his math-heavy dissertation, he started asking people two questions. The first: How much would you pay to eliminate a mortality risk of 1 in 100,000? The second: How much would you have to be paid to accept a mortality risk of 1 in 100,000?…
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The current crop of mentorees have just finished the first half of their course and are waiting to start to the final three months. One of the new group penned this list of what he had lost courtesy of the program. The illusion of specialness – “Yep I was one on them. I thought things would…
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More eye watering charts here – Bloomberg
……..It can be dangerous to rely too heavily on what experts call System 1 thinking—automatic judgments that stem from associations stored in memory—instead of logically working through the information that’s available. No doubt, System 1 is critical to survival. It’s what makes you swerve to avoid a car accident. But as the psychologist Daniel Kahneman…
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1. Markets have consistently experienced “100-year events” every five years. While I spend a significant amount of my time on analytics and collecting fundamental information, at the end of the day, I am a slave to the tape (and proud of it). 2. Younger generation are hampered by the need to understand (and rationalize) why something should go…
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2014 Edelman Trust Barometer: Financial Services Industry from Edelman Insights
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Interesting look at bubbles and the impact of timing upon them. Abstract: Investment manias and financial bubbles have likely existed for as long as humans have been involved in financial markets. In this research piece we take a look at some of the more famous market bubbles in history and the extreme volatility…
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