“It is the very pursuit of happiness that thwarts happiness.” In September 1942, Viktor Frankl, a prominent Jewish psychiatrist and neurologist in Vienna, was arrested and transported to a Nazi concentration camp with his wife and parents. Three years later, when his camp was liberated, most of his family, including his pregnant wife, had perished…
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One of the great things about investing is the many ways that people approach it. Throughout history it’s been shown that hundreds (if not more) ways have been used to turn a profit within the stock market…. Whether you use fundamentals, technicals, astrology, or hire a monkey to throw a dart. However, one commonality among…
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I should add that once a year Marc Faber who is cited often on this chart pops up and says the end of the world is coming. No doubt one year it will and he will bounce around in triumph and the dimwitted double digit IQ plonks in the media will laud him as a genius.…
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It’s astonishing to me how some ideas endure even when it’s obvious that they are no longer relevant,” Dan Ariely writes in his latest book, Payoff: The Hidden Logic That Shapes Our Motivations. A professor of psychology and behavioral economics at Duke University, Ariely relentlessly examines our assumptions about ourselves—and finds they’re often totally misconstrued.…
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Trading success does not follow a linear trajectory, success ebbs and flows with good times and bad times. If you trade for long enough you there eventually will come a time when you question the decision you have made to become a trader. It all seemed so easy initially and there was never any consideration as…
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How and why did the modern world and its unprecedented prosperity begin? Many bookshelves are full of learned tomes by historians, economists, political philosophers and other erudite scholars with endless explanations. One way of looking at the question is by examining something basic, and arguably essential: the emergence of a belief in the usefulness of…
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Both skepticism and wonder are skills that need honing and practice. Their harmonious marriage within the mind of every schoolchild ought to be a principal goal of public education. I’d love to see such a domestic felicity portrayed in the media, television especially: a community of people really working the mix — full of wonder,…
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If 2008 was a sharp reminder that banking matters, then 2016 has reminded us that politics matters too — and, in both cases, the reminder has not been especially welcome. How should economists respond? Until recently, both banking and politics tended to be something of a niche interest in the economics profession. This isn’t quite…
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