Book Review: The Checklist Manifesto

March 18, 2015

One of my particular interests in investing is how to make better decisions. I’ve written before about biases and problems we face, and much of the current research is in fields such as behavioral finance, with a focus on how to avoid mistakes that seem to be hardwired into our brains.

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Book Review: “Flashpoints,” by George Friedman

February 18, 2015

As I’ve noted over the past couple of days, Europe is back in the headlines. The confrontation between Greece and Germany has once again captured the world’s attention with the real prospect that the eurozone could break down.

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Book Review: "Thinking, Fast and Slow," by Daniel Kahneman

December 3, 2014

One of the fundamental principles of economics is “rationality”—the notion that all actors in a market have similar information, preferences, and abilities to project the future.

Like all economists, I know this isn’t really true, yet it still influences how I view the world. So the extent to which Daniel Kahneman proves this idea false—not just at the aggregate level, but at the individual level—comes as something of a shock.

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5/16/14 – What Can Cycles Tell Us About Investing?

May 16, 2014

If you ever want to be amused, get a cat to watch an ink-jet printer while it’s at work. I now have a laser printer at home, which still seems to fascinate the cat, but there’s no comparison to the ink-jet. Something about the print head scurrying back and forth under the cover must remind them of a mouse . . .

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4/22/14 – Some Thoughts on Capital in the Twenty First-Century by Thomas Piketty

April 22, 2014

A caveat about this post: I haven’t yet read the book, so this is neither a review nor a real engagement with Piketty’s arguments. I’ll get to that—I just ordered the Kindle version, and have a couple of very long plane rides coming up, which should be ideal.

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4/21/14 – Spring Is a Great Time to Read P.G. Wodehouse

April 21, 2014

I’ll be honest with you; I don’t have a lot to talk about today as far as economics and the market go. The recovery continues, markets are back in the trading range of the past six weeks or so, and there simply is not a lot to write about today.

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3/31/14 – The Revenge of Geography by Robert D. Kaplan

March 31, 2014

I haven’t done a book review for a while, as I’ve been reading outside the usual investing and economics areas. With Russia’s annexation of Crimea and the continuing low-grade conflicts in Asia as China expands its footprint, I thought it was time to discuss one of the more interesting books on geopolitics I’ve read recently, The Revenge of Geography by Robert Kaplan.

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