Posts filed under “Psychology”

AAII Presentation: Brain on Stocks

The ongoing battle between you and that large, mostly under-utilized slab of grey matter resting atop your spinal cord, doing very little of anything (except keeping you alive…)

 

AAII Brain on Stocks Presentsation NYC 2014

 

Downlaod: AAII NYC 2014

 

Category: Cognitive Foibles, Psychology

How Is Your Brain Interfering With Your Investing?

I am the guest speaker tonight at AAII’s NYC meeting in midtown. The subject: Why your brain is the source of nearly all of your investing errors, and what you can do about it. (Details here).   Click for more details   Should be fun!

Category: Cognitive Foibles, Investing, Psychology

Rapidly Changing Social Attitudes

Fascinating comparison of popular acceptance of non-traditional (in some jurisdictions, they were called “Deviant”) marraiges. Note how the slopes of the lines showing legality and popular acceptance have shifted. Not just change, but the rate of change has accelerated. This suggests to me a more progressive attitude on Social Issues. Add Marijuana legalization to the…Read More

Category: Current Affairs, Digital Media, Legal, Psychology

Trick Question: How Low Can Gold Go?

One of the things I like to do in all of my musings is to find some thing or person who is wrong about an investing-related subject, then trying to figure out where they went awry. On occasion, small pearls of wisdom can be derived from this analytical process, as in this discussion on narrative….Read More

Category: Gold & Precious Metals, Investing, Psychology, Really, really bad calls

Audio-Psychology: Why We Listen to Songs on Repeat

One of my favorite Sci-Fi books from my teen years was Alfred Bester’s 1953 novel, The Demolished Man. (It was the first Hugo Award winner). In Bester’s vision of the Future, telepathy is common, and the main character uses earworms — Pop tunes specifically developed to be an addictive, catchy, irritating nuisance to block out…Read More

Category: Friday Night Jazz, Music, Psychology, Weekend

On False Belief Systems . . .

I stumbled on this gem earlier today: “Earlier this year, the Dow had dropped over 5,000 points in 6 months. One of the collective fallacies our culture operates under is the delusion that the market is some kind of astute forecasting machine. It is not — it represents the collective wisdom of 10 million panicked…Read More

Category: Philosophy, Psychology

Rory Sutherland: Sweat the small stuff

It may seem that big problems require big solutions, but ad man Rory Sutherland says many flashy, expensive fixes are just obscuring better, simpler answers. To illustrate, he uses behavioral economics and hilarious examples.

Category: Psychology, Video

What I Learned After 30,000 Blog Posts . . .

>   My Sunday Washington Post Business Section column is out. On the anniversary on my 30,000th blog post, I looked back at what I learned. That is a lot of posts over the past dozen years — The Big Picture blog was begun back in 2003. Here’s an excerpt from the column: “After more…Read More

Category: Apprenticed Investor, Psychology, Weblogs

RIP Paul Macrae Montgomery, originator of Magazine Cover Indicator

  Paul Macrae Montgomery, best known as the originator of the Time Magazine Cover Indicator, and for popularizing the Hemline Indicator of the stock market, died this weekend. He was 72. I was fortunate to have had several conversations with Mongomery over the years. He was humble and soft spoken but he took delight in…Read More

Category: Analysts, Markets, Psychology

Is Modern Life Making Us Dumber?

Forget “Peak Oil” and “Peak Credit” … Are We On the Downslope of “Peak Intelligence”?   Scientists say that we have much smaller brains than our ancestors had 20,000 years ago … and we might have gotten stupider since agriculture became widespread. Huffington Post reports that we’ve probably gotten dumber than even our Victorian ancestors:…Read More

Category: Psychology, Think Tank, Web/Tech