Bitcoin’s sudden rise has people thinking about the ludicrous heights that tulips achieved in the Netherlands in the 1630s. At the peak of that bubble, a single tulip bulb could cost more than ten times a craftsman’s annual salary. While some of these prices were “justified” by market forces—the rarest breeds were enviable luxury goods—the…
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This is a rather complicated piece but the abstract does a very good job of summarising the papers content. We present a simple model in which rational but uninformed traders occasionally chase noise as if it were information, thereby amplifying sentiment shocks and moving prices away from fundamental values The notion of chasing noise as…
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Traditionally westerners equate activity with productive effort, as such the more noise and the more fuss you make the more productive you are. The same philosophy drifts into trading, as such trading becomes an activity-based endevour, which then migrates into entertainment. Research by W.B. Canoles, S.R. Thompson, S.H. Irwin, and V.G. France in their paper…
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Many of us would hide this discovery and never tell a soul, out of fear or embarrassment of being labeled a psychopath. Perhaps because boldness and disinhibition are noted psychopathic tendencies, Fallon has gone all in towards the opposite direction, telling the world about his finding in a TED Talk, an NPR interview and now a new book published…
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Apparently that time of the year when turkeys are nervous is approaching in the US. I saw the chart below doing the rounds on the google box with a big of digging I found that it is apparently from WSJ So I decided to look a bit harder at stock seasonality and generated…
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I am a fan of Scott Adams both through Dilbert his alter ego and through his blog. In some ways this ties into my pearlier piece on How Will You Die. But this is very raw and very personal.
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More here – 8 Subconscious Mistakes Our Brain Makes Everyday
I had not intended for my Is The Market Overvalued? piece to become a two parter but I came across the following chart courtesy of the people at Bespoke, who produce a dazzling array of metrics. This chart looks at the number of S&P500 stocks which are above their 50 day moving average.…
DetailsI was going though my Evernotes file and came across this panel discussion and thought it was too good not to repost. Click here to be taken through to the WSJ.
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