Posts filed under “Philosophy”

QOTD: The World

Here is a quote to distract you from the Red on your screens this week:

“The world is so big, so complicated, so replete with marvels and surprises that it takes years for most people to begin to notice that it is, also, irretrievably broken. We call this period of research ‘childhood.’

“There follows a program of renewed inquiry, often involuntary, into the nature and effects of mortality, entropy, heartbreak, violence, failure, cowardice, duplicity, cruelty, and grief; the researcher learns their histories, and their bitter lessons, by heart. Along the way, he or she discovers that the world has been broken for as long as anyone can remember, and struggles to reconcile this fact with the ache of cosmic nostalgia that arises, from time to time, in the researcher’s heart: an intimation of vanished glory, of lost wholeness, a memory of the world unbroken. We call the moment at which this ache first arises ‘adolescence.’ The feeling haunts people all their lives.”

- Michael Chabon, writer.

Category: Philosophy, Psychology

The Ex Post Facto Market Rationale

  Ex Post Facto: from or by subsequent action; subsequently; retrospectively; retroactively. From late Latin, literally, from a thing done afterward     I want to discuss a problem that exists in the narrative form of market commentary, one that I hinted at last night but did not have the time to fully explore in…Read More

Category: Cognitive Foibles, Markets, Philosophy

“What’s your outlook on the markets and the economy?”

I have a few conferences coming up later this summer, and as part of one event, I was asked a series of questions in advance. Its a pre- interview, and I figured I would work my way through the questions a little bit all week. But then I read the first question — the headline…Read More

Category: Economy, Financial Press, Markets, Philosophy

How You Can Change Your Decision Making

I like the thought process here: How You Can Change Your Decision Making Raise your awareness: Incomplete information and lots of uncertainty leads to poor outcomes Put yourself in the shoes of others: Consider the point of view or experience of other people Recognise the role of skill and luck: Sorting skill from luck is essential for evaluating…Read More

Category: Philosophy

Possible versus Probable

Its Friday, and has become my wont, this is the day of the week I like to kick back, wax philosophical about various thoughts kicking about me noggin. One of the things that I have been noticing of late is the way so many people seem to confuse facts with forecasts. Twitter is rife with…Read More

Category: Hedge Funds, Investing, Mathematics, Philosophy, Venture Capital

QOTD: The Market Giveth . . .

Here is my market quote for today, from MacroMan:   “The Market giveth and the Market inserts red hot pokers before dicing you into small chunks and spreading your remains to the four corners of the earth.”   That’s a bit more severe than “and the market taketh away,” but certainly makes a noteworthy point…Read More

Category: Philosophy, Psychology, Trading

Resigning from the Professional Undertaking of Coin Flipping

I love this quote that manages to combine elements of Uncertainty, Existentialism and Agnosticism:   “I have resigned from the professional undertaking of coin flipping. I am not here to tell you where golds gonna be. I have no idea. That’s my existentialism. I am a student of uncertainty. I have no idea where the…Read More

Category: Investing, Philosophy

Sales Training Versus Mentoring/Industry Knowledge

Its a steamy summer Friday, I got home very late last night, so this morning’s Friday philosophy will be brief: I keep reading about graduates trying to get into Wall Street training programs. I suspect most people do not understand what this means. A brief explanatory: For the new rank and file hires at the…Read More

Category: Apprenticed Investor, Philosophy

David Foster Wallace: This is Water

In 2005, author David Foster Wallace was asked to give the commencement address to the 2005 graduating class of Kenyon College. However, the resulting speech didn’t become widely known until 3 years later, after his tragic death. It is, without a doubt, some of the best life advice we’ve ever come across, and perhaps the most simple and elegant explanation of the real value of education.

THIS IS WATER – By David Foster Wallace from The Glossary on Vimeo.

We made this video, built around an abridged version of the original audio recording, with the hopes that the core message of the speech could reach a wider audience who might not have otherwise been interested.

Category: Philosophy, Video

Steve Jobs 2005 Stanford Commencement Address

Drawing from some of the most pivotal points in his life, Steve Jobs, chief executive officer and co-founder of Apple Computer and of Pixar Animation Studios, urged graduates to pursue their dreams and see the opportunities in life’s setbacks — including death itself — at the university’s 114th Commencement on June 12, 2005.

Transcript of Steve Jobs’ address:

http://news-service.stanford.edu/news…

Stanford University channel on YouTube:

http://www.youtube.com/stanford

Category: Philosophy, Video