Posts filed under “Psychology”
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 than a decade of getting up before the crack of dawn to write a daily journal about all things financial, here is what I’ve learned:
Writing is a good way to figure out what you think. To quote Daniel Boorstin, the former librarian of Congress, “I write to discover what I think . . . After all, the bars aren’t open that early.”
The act of putting pen to paper, or in my case, spilling pixels on a screen, requires thought. Thinking about context and working out how different elements interact in a complex system like the markets is a contemplative process.
Often, I have no idea what I thought about a subject until I begin to write about. Once you research an idea, you begin to develop a perspective. Writing about anything in public, often in real time, has helped fashion my views. (Note: It also helps if you have something of interest to say).”
There are nine other bullet points that describe what blogging has taught me.
After 30,000 posts, Big Picture blogger has figured a few things out
Washington Post, September 21 2014
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
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
Amid a wealth of potential problems, markets are now close to record highs. Military conflicts in Syria, Iraq, Gaza and Ukraine are an unending source of concern. Domestically, economic growth remains below potential. The civil strife in Ferguson, Missouri, reveals the U.S. to be a nation even more divided than previously thought by many. At…Read More
One of the concerns for investors is how markets keep powering higher despite all of the geopolitical turmoil: The grinding Syrian civil war that has spilled into Iraq, the clash between Israel and Gaza, the Crimea annexation and now the confrontation between Russia and Ukraine. That thinking gets the issue precisely backward. The proper question…Read More
Behavioral economist Dan Ariely studies the bugs in our moral code: the hidden reasons we think it’s OK to cheat or steal (sometimes). Clever studies help make his point that we’re predictably irrational — and can be influenced in ways we can’t grasp. Published on Apr 26, 2012
Last month, I spilled a considerable number of pixels explaining why Rupert Murdoch’s Time Warner bid had no significance to whether or not this is a market top. My short list included complaints of cherry picked data that somehow ignored most of Murdoch’s M&A activity over the past half century; a laughably small sample size…Read More