Posts filed under “Philosophy”

I’m So Mad at Big Government

Politico’s M. Wuerker captures this fellow beautifully:

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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

Apocalypse Thinking: All Too Human Pattern Seeking

I was a little surprised about some of the pushback to the Oh, No, Not the End of the World (Again) column. Which made this column in New Scientist all the more delightful. It starts with pattern seeking: “Cognitively, there are several processes at work, starting with the fact that our brains are pattern-seeking belief…Read More

Category: Philosophy, Psychology, Science