psychology

I am starting a new list of articles on my reading list which point to the success of what Marshall Auerback calls "The Committee to Save Wall Street," with this Newsweek cover as a contrarian indicator. The point is that the…

I originally wrote this post under a different title yesterday. I have changed the title to more accurately reflect what I am driving at in the post. Otherwise the post is exactly the same. The question is: which media companies will find…

In last month’s letter I looked at the challenges confronting the world’s baby boomers based on the assumption that we are in a structural equity bear market, which implies below average returns for equity investors for several more years…

China is in the midst of an asset bubble. The evidence is clear that China's aggressive fiscal and monetary policy is causing the Chinese economy to overheat, with some predicting 12% growth for the Q1 2010. According to Marshall Auerback,…

When I was in business school in the mid-1990s I took a securities analysis class with Michael Mauboussin, who was an Adjunct Professor then working at Credit Suisse First Boston (he's now at Legg Mason).  The class, which focused a…

Daniel Kahneman says a refusal to admit complexity leads people toward a simplistic view of their own self image. He sees a difference between our "experiencing selves" and our "remembering selves" and how these two…

In the wake of the most recent Matt Taibbi polemic “Wall Street's Bailout Hustle,” I think the video below about financial fraud is appropriate viewing. I liked the Taibbi piece - although it certainly had a certain over-the-top gonzo feel…

Robin Hanson makes this assertion in a recent post in his blog “Overcoming Bias.” I found his argument as to why this is so pretty provocative. Yesterday, I had actually linked out to an article at Science Daily on why powerful people don’t…

Before the Christmas break, I wrote a post to tie together my thoughts on why I have found the Obama economic program so unsatisfying despite some obvious success in stabilizing the economy. This first part framed the status quo as an…