iterating towards truth
When data is missing, we overestimate its value. Our mind assumes that since we are expending resource locating information, it must be useful. … Neurologically, information is addicting. Learning is associated with the release of dopamine, the …
Debt Ceiling Is Not The Problem. Debt Is The Problemsource: zerohedge.com
Every day I assume every position I have is wrong. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do, you are dead. Always maintain your sense of confidence, but keep it in check. author: Paul Tud…
both fiscal and monetary policy have opportunistically followed certain Keynesian principles, particularly using government spending as a stabilizer during periods of economic contractionand … Keynes viewed governments’ attempts at belt-tighteni…
What Bernanke implicitly, and in one week explicitly, has announced is that it now takes $85 billion in monthly Flow injection from the Fed just to keep the market from collapsing soruce: zerohedge.com
Take the EASY ones…and don’t do anything STUPID in the meantime.source: NBT
looking at any one metric alone to explain complex systems (such as investment outcomes) is doomed from the start. source: ritholtz.com
I was just going through Facebook and found this on my friends wall quoting: ” People are asking more and more ‘why’. ” It reminded me old Enron slogan: “ask why”. Anyone who wants to know more about collapse of one of the biggest company in the w…