Posts filed under “Philosophy”

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

More Information

I’m a researcher. Let me give you the latest example… My headphones broke. You know, the connection, by the plug, so that one ear goes in and out. In the seventies, you’d get this fixed. Today, it costs more to repair than to rebuy, and the art of repair seems to have gone by the…Read More

Category: Philosophy, Think Tank

Romancing Alpha (α), Breaking Up with Beta (β)

Since it is a Friday (following Valentine’s Day), I want to step back from the usual market gyrations to discuss a broader topic: The pursuit of Alpha, where it goes wrong, and the actual cost in Beta. For those of you unfamiliar with the Wall Street’s Greek nomenclature, a quick (and oversimplified) primer: When we…Read More

Category: ETFs, Investing, Philosophy

Mea Culpas for 2012

Every year in January, I look back at the prior year to assess the various errors, mistakes and bad calls that I made in the course of running an asset management business. I make a list of these mistakes, analyze why they occurred, and what I can do to avoid similar errors in the future….Read More

Category: Apprenticed Investor, Philosophy, Psychology

Things I Don’t Care About

Last year, I noted in the Price of Paying Attention that listening to all of the noise out there hurts your investing returns. If you digest a lot separate sources, if you crave input, if you are entertained by current events, you run the risk of getting distracted by a huge amount of meaningless junk….Read More

Category: Financial Press, Investing, Philosophy, Psychology

Discuss: Barack Obama is a Liberal Republican

I have been having fun mocking friends and family on both sides of the political aisle.  GOP colleagues who keep telling me BHO is a Socialist, while Dems think he is the next JFK. I enjoy disabusing them of their political biases by explaining to them Barack Obama’s actual politics. Politically, he is a modern…Read More

Category: Current Affairs, Philosophy, Politics

Amazon Changes its Review Policy (but not enough)

Amazon has been one of my favorite retailers, ever since my college roommate gave me an Amazon gift certificate for the holidays in 1998. The reviews are a large part of it. I think it is a crucial aspect to their business model — having trusted 3rd parties giving fair reviews of books and other…Read More

Category: Philosophy, Web/Tech

The Pernicious Staying Power of Really Bad Ideas

> My Sunday Washington Post Business column is out. This morning, we look at the pernicious staying power of bad ideas. The print version had the full headline Zombie ideas: Why don’t bad notions ever die? while the  online version is the simpler: Why don’t bad ideas ever die? Here’s an excerpt from the column: “This…Read More

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