Posts filed under “Philosophy”

Data: Causality and all that

Jun 21st 2012, 15:39 by K.N.C. | LONDON

Category: Philosophy, Video

Process, Outcome And The Complexity Of It All

I very much appreciated this perspecitve offered by Dylan Grice of Société Générale: “All outcomes are caused by an underlying process. In very general terms, all we did by constraining the QI to have a 2% tracking error was impose an outcome on a process. But as soon as we did that we also changed…Read More

Category: Investing, Philosophy

The False Deities of Economists

  “Economics is a faith-based pursuit forever in search of a new deity . . . Each of the gods has been worshipped with the fanatical fervour of the convert. What is curious for those sitting outside the sacred circles is that the apostles show not the slightest hint of self-doubt. The Treasury has become…Read More

Category: Economy, Philosophy, Really, really bad calls

Autoplay video after the jump

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Category: Philosophy, Video

QOTD: How Knowledge Advances

At James Montier‘s CFA presentation, he used one of my favorite quotes:   “Science advances one funeral at a time.” -Max Planck   I would add to that:   If only economics were so fortunate . . .    

Category: Philosophy, Really, really bad calls

Discuss . . .


Category: Philosophy, Really, really bad calls

Where Sea Monsters Live

Last weekend, I got into — or more like watched — an interesting finance debate related to specific policies, websites, officials and analysts. All the usual suspects were covered. One person went on and on about central-bank planned economies, manipulated currencies, debasing of the dollar, gold,  HFT, etc.  “Its all a Ponzi scheme” he declared,…Read More

Category: Apprenticed Investor, Investing, Markets, Philosophy, Psychology

The New Economic Order?

> Over the weekend, Josh Brown directed me to this monthly commentary from the Eclectica fund, which had the very interesting chart, above. (Full Eclectica Fund April 2012 commentary is here). The issue with the graphic above is that we have no real comparative history by which to judge this. It seems to be a…Read More

Category: Federal Reserve, Investing, Philosophy, Psychology

Here’s to the Lazy Ones . . .

“Here’s to the Lazy Ones. The halfwits, the bumblers, the square pegs in the round holes. The ones who don’t see things at all. They’re not fond of rules (can’t remember them). They have no respect for the status-quo, which they think its Latin for Fendi. You cannot quote them, as they say little that…Read More

Category: Philosophy, Psychology, Really, really bad calls

RIP: Facts (360 B.C.-A.D. 2012)

This is the single cleverest thing I expect you will read all weekend: Facts, 360 B.C.-A.D. 2012 In memoriam: After years of health problems, Facts has finally died. A quick review of the long and illustrious career of Facts reveals some of the world’s most cherished absolutes: Gravity makes things fall down; 2 + 2…Read More

Category: Philosophy