Posts filed under “Philosophy”

ILLOGICAL BELIEF REFERENCE MANUAL

Category: Philosophy, Weekend

Checklist for Pundits

The recent shootings in Arizona came after some very heated and ugly rhetoric from the extreme ends of the political spectrum. Do these folks understand the environment their words create? Perhaps a checklist might be useful for those who might not be aware of what the impact of their inappropriate language is on the public….Read More

Category: Humor, Philosophy, Politics

Searching for the Truth in an Age of Disingenuousness

On the last day of the year, I like to think back about the truths I learned this year. Some were revealed accidentally, others were the work of challenging data analysis. We happened upon some Truths during deep contemplation, and occasionally stumbled across them accidentally. And of course, there was Wikileaks. Regardless of your method,…Read More

Category: Investing, Legal, Philosophy, Really, really bad calls

Intelligence Hierarchy: Data, Information, Knowledge, Wisdom

We have been having a series of interesting discussions lately on various aspects of the economy and markets. I notice that some traders have a hard time discerning between different aspects of the intelligence hierarchy. They obsess about data,  but get lost in it. losing the ability to create context and meaning. They have information,…Read More

Category: Digital Media, Philosophy

The Sole Purpose of Education

In 1914, John Alexander Smith, Professor of Moral Philosophy at Oxford, addressed the first session of his two-year lecture course as follows: “Gentlemen, you are now about to embark on a course of studies that (will) form a noble adventure…Let me make this clear to you. ..nothing that you will learn in the course of…Read More

Category: Philosophy, Psychology

The kinda-eventually-sorta-mostly-almost Efficient Market Theory

“I guess we’re all behaviorists now” -Richard Thaler   One of the most widely believed theories on Wall Street is the Efficient Market Hypothesis (EMH). Adherents of this charmingly naive thesis believe that markets are an incredibly effective distributor of information. Because of this, say EMH theorists, it is impossible, therefore, to beat the market,…Read More

Category: Philosophy, Psychology, Really, really bad calls