Posts filed under “Video”
One of the things that baffles me about people is how they completely misunderstand risk. Lots of my friends panic about things that have no real chance of killing them, but ignore the things that will. This can lead us to make irrational decisions, and sometimes irrational policy. What really will kill us? Watch and learn.
What Kills Us? How We Understand Risk.
This is one of those things that really annoys me:
One year ago today, Charles Nenner (of the Charles Nenner Research Center) went on TV. His specialty is Cycle Research (whatever that is). He made a very bold call, forecasting a drop to 5,000 in the Dow.
It was not merely that the 50% drop did not come pass. What happened was the opposite, a 32% rally. And so, one year later, we have to recall this prognostication as one of the very worst of the year. The calls on Apple and Intel and Semis were nearly as bad.
Worst call of 2013:
March 4 (Bloomberg) — Charles Nenner Research Center Executive Director Charles Nenner discusses the markets and his prediction of the Dow dropping to 5,000 this year.. He speaks on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)
Robert Shiller, recent winner of the Nobel Prize in Economic Sciences, a Yale professor and the co-creator of the Case-Shiller Home Price Indices discusses the importance of psychology in the markets and what it’s telling him now.
WEALTHTRACK #1035 originally Broadcast February 21, 2014
Essential to the mission of the Austin Institute is the dissemination of both thought-provoking and rigorous academic research on family, sexuality, social structures and human relationships. In order to engage a wider audience, we are developing select research projects into a medium amenable to our digital age.
Published on Feb 14, 2014