Short-term memory dominates all tasks—in cooking, for instance: I put the water to boil in a pot on the stove and remember that the water will boil while I chop the onions. I will put the sauté pan on the stove to heat up the oil for the onions, and I will then put the…
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Bloomberg recently breathlessly trumpeted the following regarding hedge fund behemoth Bridgewater – Ray Dalio Makes Clients $4.9 Billion in 2016 as Paulson, Soros Falter Their article was accompanied by the following table of returns – When you look at the table $4.9B is a lot of money in absolute terms and it is here that…
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