Money and Finance
- The Delicate Balance Of Process Vs. Goal...
From Josh Waitzkin in The Art of Learning:Chess was a constant challenge. My whole career, my father and I searched out opponents who were a little stronger than me, so even as I dominated the scholastic circuit, losing was part of my regular...
- Starting With A Qualitative Search...
From The Small-Cap Advantage: How Top Endowments and Foundations Turn Small Stocks into Big Returns: Most investment processes begin with quantitative elements like filters and screens. The qualitative work is often left for the latter stages, after suitable...
- The 12 Cognitive Biases That Prevent You From Being Rational
The human brain is capable of 10^16 processes per second, which makes it far more powerful than any computer currently in existence. But that doesn't mean our brains don't have major limitations. The lowly calculator can do math thousands of times...
- Return Distributions And The Shiller P/e Ratio - By Keith C. Goddard
If the experience of the past 125 years is a relevant guide for the future behavior of U.S. stocks, an investor who is willing to hold the market index for at least three years would rationally have the following three-year expectations at any given month-end...
- The Structure Of “unstructured” Decision Processes - 1976 Paper
How do organisations go about making “unstructured,” “strategic” decisions? Researchers of administrative processes have paid little attention to such decisions, preferring instead to concentrate on routine operating decisions, those more accessible...
Money and Finance
Emotion Can Make You a Bad Investor
The brain processes expectation in a much more intense way than it processes the actual experience. So, the hope of making money often feels better than actually making money does, and the fear of losing money often feels worse than actually losing money. And those are the two states that often drive your behavior.
- The Delicate Balance Of Process Vs. Goal...
From Josh Waitzkin in The Art of Learning:Chess was a constant challenge. My whole career, my father and I searched out opponents who were a little stronger than me, so even as I dominated the scholastic circuit, losing was part of my regular...
- Starting With A Qualitative Search...
From The Small-Cap Advantage: How Top Endowments and Foundations Turn Small Stocks into Big Returns: Most investment processes begin with quantitative elements like filters and screens. The qualitative work is often left for the latter stages, after suitable...
- The 12 Cognitive Biases That Prevent You From Being Rational
The human brain is capable of 10^16 processes per second, which makes it far more powerful than any computer currently in existence. But that doesn't mean our brains don't have major limitations. The lowly calculator can do math thousands of times...
- Return Distributions And The Shiller P/e Ratio - By Keith C. Goddard
If the experience of the past 125 years is a relevant guide for the future behavior of U.S. stocks, an investor who is willing to hold the market index for at least three years would rationally have the following three-year expectations at any given month-end...
- The Structure Of “unstructured” Decision Processes - 1976 Paper
How do organisations go about making “unstructured,” “strategic” decisions? Researchers of administrative processes have paid little attention to such decisions, preferring instead to concentrate on routine operating decisions, those more accessible...