When you wander into the work of Kahneman and Tversky far enough, you come to find their fingerprints in places you never imagined even existed. It’s alive in the work of the psychologist Philip Tetlock, who famously studied the predictions of putative political experts and found they were less accurate than predictions made by simple…
With Italy showing Greece that it doesn’t have a monopoly on incompetance I thought I would redo the graphs I showed in this posting with a look back period of a one year. As you can see in terms of compound daily growth last year has been a shocker.
With Italy showing Greece that it doesn’t have a monopoly on incompetance I thought I would redo the graphs I showed in this posting with a look back period of a one year. As you can see in terms of compound daily growth last year has been a shocker.
When you wander into the work of Kahneman and Tversky far enough, you come to find their fingerprints in places you never imagined even existed. It’s alive in the work of the psychologist Philip Tetlock, who famously studied the predictions of putative political experts and found they were less accurate than predictions made by simple…
The chart below is from Merrill Lynch’s Market Analysis and it shows according to their definition the last four major bear markets including the bastard of a one we are stuck in at present. From my perspective the issue is the relevance of such charts – granted there are lost decades for buy and hold…
I have been following The Atlantics remarkable photo essay on WW2. The entire series can be found here Parts of it as you would expect are brutal in the extreme but it does show the extraordinary resilience of people in times of appalling violence. The current series is about life after the war and the image below…
The chart below is from Merrill Lynch’s Market Analysis and it shows according to their definition the last four major bear markets including the bastard of a one we are stuck in at present. From my perspective the issue is the relevance of such charts – granted there are lost decades for buy and hold…
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