Posts filed under “Psychology”

What Are The Cult Firms of Today?

 

 

The other day, I got into a Twitter discussion with Joe Weisenthal and others on the hedge fund Bridgewater. A WSJ article had described Ray Dalio’s shop as “Cult-like.”

All of which raised the following question: What are the Cult firms of today? What modern day companies, public or otherwise, have qualities similar to cults?

Here is the short list put together on Twitter:

Goldman Sachs

Whole Foods

Starbucks

Five Thirty Eight

Zappos

Microsoft (in the 80s & 1990s);

Apple (in the 1990s and today)

Enron

Wal-Mart (cause of that cheer thing at corp meetings )

Ross Perot with EDS!

Herbalife

Facebook’s (See Zuckerberg’s letter in the S-1)

Berkshire Hathaway

That list is far from complete. Some of these firms have cult-like characteristics amongst their customers but not their own corporate culture.

Which raises the question: What are the cult stocks of today? What companies are managed and run with a specific and unique culture that makes them see cultish?

What say ye?

Category: Corporate Management, Philosophy, Psychology

A Bear Market for Mom & Pop Investors

Last year, we noted that there was a “Bubble in Bubble Calling.” News media bubble chatter was the rage, whether it was tech initial public offerings or stocks or bonds — all caused by “a global central bank QE bubble.” Here we are two quarters later, with the central bank reducing quantitative easing by scaling…Read More

Category: Investing, Markets, Psychology, Sentiment

How Much is a Tulip Worth

Category: Psychology, Think Tank, Trading

NorCal FPA: This Is Your Brain On Stocks

This is the presentation I gave this week out in San Francisco:

Category: Cognitive Foibles, Investing, Psychology, Think Tank

What is it going to take to kill this species off?

Why do we pay attention to the most dire of forecasts? I pulled this from a 2011 piece I wrote: “You humans are a hardy breed. No matter how dire the circumstance, your species has managed to prosper. You survived the Ice Age, the Dark Ages, the Middle Ages, the Age of Aquarius (as well…Read More

Category: Humor, Investing, Psychology

What ‘This Time It’s Different’ Really Means

Investors must recognize what ‘this time it’s different’ really means Barry Ritholtz, Washington Post May 18, 2014     “The four most expensive words in investing are: ‘This time it’s different.’” So said Sir John Templeton, the legendary investor and mutual fund pioneer. The phrase contains tremendous wisdom, but only if you truly understand what…Read More

Category: Apprenticed Investor, Investing, Psychology

Behavioral Test: What Are the World’s Deadliest Animals?

Source: Gates Notes   Continues here  

Category: Digital Media, Psychology, Science

You Don’t Understand Risk.

You don’t understand risk. I don’t mean you, in your professional capacity. I mean you, the human being whose brain is desperately trying to keep you alive. An endless procession of mortal threats are trying to end your particular genomic variation, forcing your brain to respond first and think later. Your existence is threatened by…Read More

Category: Investing, Psychology

When is ‘this time’ really different?

    My Sunday Washington Post Business Section column is out. This morning, we look at a famous aphorism from Sir John Templeton. The print version has the hedder When is ‘this time’ really different? while the online version used the fuller Investors must recognize what ‘this time it’s different’ really means. The column tries…Read More

Category: Apprenticed Investor, Psychology, Quantitative

Preview: What Does “This Time Is Different” Really Mean?

This is a preview of an upcoming column.     “The four most dangerous words in investing are: ‘this time it’s different.’ ”  -Sir John Templeton What do these words actually mean to investors today? As of late, more than a few pundits have been misinterpreting their meaning. With a wave of a hand, they…Read More

Category: Investing, Psychology, Valuation