Always be alert to the different ways in which large numbers can be (mis)interpreted when trying to make sense of the world. Never forget: You’re an upgraded ape with delusions of grandeur, designed to hunt gazelles and run away from lions. You’re prone to fear and greed, you love being in with the crowd, and [...]
The Investor
It’s Easter, so I suggest you have a think about how your living your life, as well as how you’re investing your money. That’s my plan anyway. With eggs on.
The US is drowning in debt and is doomed? No it’s not, if you also consider it has assets. It’s just another example of my crazy law of big number distortion.
Good reads from around the Web. A research company called Mebane Faber wins my lesser-spotted post of the week award this Saturday for You are not a good investor, its disassembling of the vanities of stock pickers. ((Full disclosure: I am such. For my sins.)) First, the article calls up a fascinating study – The [...]