Posts filed under “Philosophy”

QOTD: Tea Party Political Failings

Ian Shepherdson of High Frequency Economics essentially saying you can blame the Tea Party if market collapses:

“The Speaker is in office, but not in power, because the Tea Partiers do not respect party discipline. They argue that they are standing up for principle, but the principle they have chosen to defend is the idea that the only thing that matters is rapidly and substantially shrinking the government. This, we respectfully submit, is nuts. According to polls, it’s not even what most Republican voters want, never mind the country as a whole. Moreover, the first thing you learn from studying the aftermath of financial crises is that premature fiscal tightening is extremely dangerous.”


Discuss . . .

Category: Bailouts, Credit, Philosophy, Politics

I’m So Mad at Big Government

Politico’s M. Wuerker captures this fellow beautifully: >

Category: Philosophy, Psychology, Really, really bad calls

How Hard is it to Become the Michael Jordan of Trading?

I have been meaning to get to this interesting article Heidi N. Moore wrote over at Marketplace radio. “They Are Day Traders. Hear them Roar.” A terrific looking commercial for OpenTrader accompanies the article (video here). The video is pretty slick. But as intriguing as it looks, it overstates what I believe is the true…Read More

Category: Apprenticed Investor, Philosophy, Trading

QOTD: Financial Crisis Recoveries

How prescient was this, circa January 2008: “Broadly speaking, financial crises are protracted affairs. More often than not, the aftermath of severe financial crises share three characteristics: First, asset market collapses are deep and prolonged. Real housing price declines average 35 percent stretched out over six years, while equity price collapses average 55 percent over…Read More

Category: Bailouts, Philosophy

Listening to Dead Philosophers

This post was originally published today at The Financial Philosopher. Whenever a timely milestone, such as this new calendar quarter and the second half of the year, is reached I do my best to resist the tiresome looking-back-and-looking-forward ritual.  To remove myself from the timely chatter, I indulge in the timeless words of philosophers from…Read More

Category: Philosophy, Psychology

Happy Birthday, America, but it’s time to grow up.

> I have a new column out in the Sunday Washington Post business section on, well, America. “It’s been 235 years already? America, it’s time to grow up.“  The sub hed is “Happy birthday, America. But at 235 years old, you’re flabby, creaky and easily led astray.” The column speaks to the nation as if…Read More

Category: Apprenticed Investor, Philosophy

Wisdom from the Wealthy: Sunday’s WaPo Column

> In case you missed it, my Sunday Washington Post column is on the interesting life lessons I have learned from people of great wealth. I excerpted it yesterday. Rather than run yet another excerpt, I’d rather a) Point you to “7 life lessons from the very wealthy,” and 2) pull some of the quotes…Read More

Category: Philosophy

Shiller on EMH

I hope you did not miss the weekend post of Yale Professor Bob Shiller’s Efficient Market Hypothesis discussion. Shiller: More Expectations Theory, Less Efficient Market Hypothesis Well worth your time . . .

Category: Philosophy, Really, really bad calls

Yale professor Bob Shiller’s column in the Sunday NYT ( The Sickness Beneath the Slump) is filled with interesting tidbits, data and analysis. You may be tempted to think of his column as the typical Residential Real Estate analysis, looking at historical prices and current trends. Don’t. What the good professor does this morning is…Read More

Category: Philosophy, Real Estate, Really, really bad calls

Investment Advice from George Carlin

I believe philosophers can be the best investors and that comedians can be the best philosophers. Therefore one may logically deduce that comedians can make the best investors. Look no further than the philosophy of the late and great George Carlin to prove my point: Don’t confuse causation with correlation. “Death is caused by swallowing small…Read More

Category: Philosophy, Psychology