Speaking of Fads From The 1970’s
I came in this morning to see the Missus watching this….. Remind me to take the batteries out of the remote to stop such future abominations…
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What Pokemon Go Taught Me
Other HL Menckens often paraphrased quote that nobody went broke underestimating the intelligence of the general public. The real lesson from such things lies in what they tell us about investors and group behaviour. What initially piqued my interest in this little phenomena was the sense of permanence people attach to events that are transient.…
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How To Make It
From the archive of the Lefsetz Letter which although proclaiming to be about the music industry talks about much more. DESIRE Making it can’t be some thing, it’s got to be the ONLY THING. You’re gonna want to sacrifice, but you’re gonna have to forgo more than that, miss out on parties, on social rituals,…
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20 cognitive biases that screw up your decisions
More here – Business Insider
Why do you make stupid decisions when the experts tell you otherwise?
The gap between expert analysis and public opinion seems to be widening by the day. In the US, there is significant popular support for the policies of Donald Trump which the vast majority of experts regards as questionable, to say the least. In the UK there has been a broad consensus of economics experts warning…
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Why bad ideas refuse to die
That’s easy – vast numbers of people are friggen stupid. If you don’t believe me just check out Facebook. Today’s rejuvenated flat-Earth philosophy, as promoted by rappers and YouTube videos, is not simply a recrudescence of pre-scientific ignorance. It is, rather, the mother of all conspiracy theories. The point is that everyone who claims the…
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How Not To Deal With A Scary Market
Carl Richards of Behaviour Gap has some advice.
It Goes From Bad To Worse….
The poor old Poms cant take a trick lately….
Culturally Constructed Ignorance Wins the Day
I spend much of my time shrugging off breathless news events. Ebola (now Zika), employment reports, Federal Reserve rate changes, government shutdowns, peak earnings and so on. Much of what passes for earth-shaking news turns out to be, with the benefit of hindsight, something in between idle gossip and fear-mongering. The genuine, not well-anticipated, actual…
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