All market participants have little myths that they cling to and it doesn’t matter whether your investing is based upon the narrative fallacies generated by fundamental investing/news or whether you take a more technical approach. All humans are subject to inaccuracies in thinking – making mental mistakes is universal. One that has always intrigued me…
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The stories we tell ourselves are integral to our wellbeing, too. Depressed people often cling to long-established internal narratives with refrains like ‘I’m not good enough to achieve much,’ or ‘My mother dashes all my most important dreams.’ Counsellors who practice psychodynamic therapy help clients discard these stagnant inner monologues and substitute fresh ones. In…
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I grabbed the piece below from a social drivel site because it neatly explores something I spoke about in Sydney last week. This offers a paradox in that it attempts to explain something that needs no explanation and the explanation it offers is wrong. I say that the movement in the market requires no explanation…
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Each decision to trade is implicitly based upon an assumption as to who is in charge – the bulls or the bears. However, this decision whilst it seems reasonably simple is actually a very hard one to make. In part I think the difficulty arises because of the myopic nature of traders and the inability to…
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This piece is about how to raise children to be more resilient in the face of both natural talent and adversity. However, the following caught my eye as being universal. People can learn to be helpless, too, but not everyone reacts to setbacks this way. I wondered: Why do some students give up when they…
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This study has been siting in my inbox for quite sometime and I finally got around to reading it – the abstract below gives a very good summary of the findings. This study provides the first evidence that money impairs people’s ability to savor everyday positive emotions and experiences. In a sample of working adults,…
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So they took a look at the data on Darwin Award winners over the past 20 years, from 1995 to 2014. This is excellent data to work with. The winning event must be verified, winners must “show an astounding misapplication of common sense,” the winners must be both capable of making good decisions — and…
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