MiB: Bill Bernstein on the Delusions Of Crowds
This week, we welcome back William J. Bernstein, Ph.D., M.D. (See our 2019 MiB) He is a retired neurologist,...
Dalio: How to Spot a Bubble
Are We In A Stock Market Bubble? Source: LinkedIn I mentioned Ray Dalio’s Bubble post yesterday, and I thought it was...
How to Survive Investment Manias
I spoke with NPR the other day about many of the recent manias that have been animating markets lately. You can hear our full...
Late Cycle Bubblicious?
To hear an audio spoken word version of this post, click here. I wrote a column yesterday (out tomorrow) on how to...
Choose Your Market Narrative
I have on occasion mentioned our tendency to combine hindsight bias and narrative fallacy in a way that is dangerous...
Polls Were Wrong (again). They Often Are
Today, I want to discuss the sentiment/behavior divide. If you have been reading this site any length of time, you know of my...
The Hidden World of Failure
Yesterday’s column, Mediocre SPAC Returns Shouldn’t Be a Surprise, was ostensibly about special-purpose acquisition...
Understanding the Appeal of Conspiracy Theories
One of the biggest stories of 2020 is the rise of the Conspiracy theory. Only it is not really this year’s story, but...
Thinking About Buying: Making Better Purchases
What to Consider When Making Big Purchases Splurging on a pricey new car can make sense if you follow a few simple rules. Bloomberg,...