Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their peers and opinion leaders, many of whome have never looked at whether the facts support the received wisdom. It's a basic fact of life that many things "everybody knows" turn out to be wrong.
Thursday, November 3, 2011
Wednesday, November 2, 2011
Tuesday, November 1, 2011
Long Term Interests Vs. Short Term Rewards - Michael Lewis
Everywhere you turn you see Americans sacrifice their long-term interests for short-term reward. - in a recent Vanity Fair article
OWS: I'm Just Surprised It Has Taken This Long
I felt the same outrage for three years working on The Big Short. Although I had this Wall Street background, I hadn't paid very much attention to the financial world. Until I started digging around and asking questions, I couldn't believe how bad it had gotten. When I published The Big Short, I sensed a level of outrage in this country that I had never felt before. I'm surprised it has taken this long for the political energy to develop, because it's so obviously outrageous what is happening. There are people at the top of the financial sector who think that the financial sector is out of control. The Chairman of the Federal Reserve has said he is sympathetic to the protesters. - in GQ Magazine
Stay Calm In Times Of Turmoil - Jim Rogers
http://jimrogers-investments.blogspot.com/
“Learn to stay calm especially in times of pressure or turmoil. You will make much better decisions.” - in a Gift To My Children
“Learn to stay calm especially in times of pressure or turmoil. You will make much better decisions.” - in a Gift To My Children
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