Tversky and Kahneman Changed How We Think
Michael Lewis’ Portrait of Two Men Who Changed the World Michael Lewis’ latest book profiles psychologists Daniel Kahneman...
Mansions Don’t Produce Much Alpha
I almost let an article about how great luxury real estate has performed sneak by without comment until I saw a dubious comparison to the...
Bad Data Mining
I keep promising to stop writing about lessons from the election that are applicable to markets, and then I keep finding more examples....
Black Friday is a Comin’ !
It’s become a favorite holiday tradition around these parts: wait for the National Retail Federation annual holiday spending...
Refinance America’s Debt Before Its Too Late
There are times when a confluence of events creates a rare opportunity. The U.S. now is at one of those the moments. To wit: As of...
Cognition, Bias & Facebook
“That Tweet totally made me change who I will vote for president this election” said absolutely nobody this year. That...
The Trouble with Facebook
Facebook Didn’t Tilt the Election The social network’s news feed spreads fake news. But that changed few, if any, minds....
Jack Rivkin, Wall Street Research Giant
He was a warm and witty observer of the investment business, and was best-known for his work running Shearson Lehman Brothers’...
Investors and Political Pundits Fooled by Randomness
Everyone Knew Trump Would Win All Along People fool themselves into thinking that things turned out just as they expected. But the world...
Lessons for Investors from Trump’s Upset Victory
One of the best things to do when confronted by a major surprise is to see what there is to be learned from the experience. I always try...