Posts filed under “Philosophy”

Warren Buffett Explains ‘Colorful Charlie’

After a marathon question-and-answer session with shareholders, Becky Quick asks Warren Buffett to comment on some of Charlie Munger’s best lines.

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Category: Philosophy, Short Selling, Video

Predicting Jobs Data Is Hard — and Useless, Too.

his morning, I tweeted out Spencer Jakab’s WSJ column on NFP — It’s a Hard Job Predicting Payrolls Number, with the annotation “Its pointless, too.” While I understand the obligation many economists have to their employers to make a jobs forecast, you have no such obligation. You don’t have to make a prediction, weigh in, make…Read More

Category: Data Analysis, Employment, Philosophy

How Tough Are You?

      Rocky Balboa: “Let me tell you something you already know. The world ain’t all sunshine and rainbows. It is a very mean and nasty place and I don’t care how tough you are, it will beat you to your knees and keep you there permanently if you let it. You, me, or…Read More

Category: Philosophy, Weekend

Spring Break for Nerds

Source: Spring Break for Nerds: A skeptic learns the secret to South by Southwest’s success NOREEN MALONE New Republic, APRIL 26, 2013 http://www.newrepublic.com/article/112904/south-southwest-spring-break-nerds#

Category: Digital Media, Philosophy

Interview: Ned Davis, NDR

  “We are in the business of making mistakes. The only difference between the winners and the losers is that the winners make small mistakes, while the losers make big mistakes.” -Ned Davis   If you are a regular main street investor, you may never heard of Ned Davis. If you are a market technician,…Read More

Category: Philosophy, Psychology, Sentiment, Technical Analysis

Did Reinhart-Rogoff Screw Up Their Debt Research?

Holy Snikes, this is HUGE, from Mike Konczal: “In 2010, economists Carmen Reinhart and Kenneth Rogoff released a paper, “Growth in a Time of Debt.” Their “main result is that…median growth rates for countries with public debt over 90 percent of GDP are roughly one percent lower than otherwise; average (mean) growth rates are several…Read More

Category: Credit, Philosophy, Really, really bad calls

Louis CK: I Am An Accidental White Person

    Interesting read: “Coming here and observing America as an outsider [from Mexico] made me an observing person”

Category: Humor, Philosophy, Weekend

Bollocks: Venn Diagram of Irrational Nonsense

click for ginormous graphic Source: The Reason Stick via boingboing

Category: Digital Media, Philosophy, Really, really bad calls

The Fine Art of Doing Nothing

  Don’t just do something, sit there!   I love that purposefully juxtaposed Yogi Berra-ism. I have been thinking about nothing on this lovely Friday morning. More precisely, why doing nothing — or at least much less — is better for your long term investing outcomes than doing something, also known as more. Don’t. Don’t…Read More

Category: Apprenticed Investor, Investing, Philosophy

Scott Adams Discovers Market Manipulation

Regular readers know I am a fan of Scott Adams, creator of the comic Dilbert and occasional commentator on a variety of matters. He has a somewhat odd blog post up, titled, Here Come the Market Manipulators. In it, he makes two interesting suggestions: The first is to decry “market manipulators,” who do what they…Read More

Category: Markets, Philosophy, Really, really bad calls