Money and Finance
- Keys To Successful Investing...
From Marathon Asset Management's Neil Ostrer in an interview with Vanguard last year, and probably worth taping on a wall next to your desk: There are three keys to successful investing. First, being a contrarian with a long-term perspective...
- Daniel Kahneman On Charlie Rose
Link to: Daniel Kahneman on Charlie Rose.................... Related book: Thinking, Fast and Slow Related previous posts: Michael Lewis profiles Daniel Kahneman Authors@Google: Daniel Kahneman ...
- Herbert Simon Quote On The Value Of Mental Models
Via Farnam Street (Thanks for sharing!):“One can train a man so that he has at his disposal a list or repertoire of the possible actions that could be taken under the circumstances…A person who is new at the game does not have immediately at his disposal...
- Humans Are Naturally Bad Investors - By Edward Chancellor
The aim of investment is, in the words of John Maynard Keynes, to “defeat the dark forces of time and ignorance”. Today, those forces appear as dark as at any time in our history. Rather than despairing, it is time to consider how we make decisions...
- Wsj: Learning How To Focus On Focus - By Jonah Lehrer
Found via Farnam Street. For most of human history, the progress of knowledge was constrained by a shortage of information. Books were expensive and rare, libraries were reserved for elite scholars and communication was extremely slow. Mail moved at the...
Money and Finance
Herbert Simon on intuition
"The situation has provided a cue; this cue has given the expert access to information stored in memory, and the information provides the answer. Intuition is nothing more and nothing less than recognition." -Herbert Simon
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Related previous post: Authors@Google: Daniel Kahneman
- Keys To Successful Investing...
From Marathon Asset Management's Neil Ostrer in an interview with Vanguard last year, and probably worth taping on a wall next to your desk: There are three keys to successful investing. First, being a contrarian with a long-term perspective...
- Daniel Kahneman On Charlie Rose
Link to: Daniel Kahneman on Charlie Rose.................... Related book: Thinking, Fast and Slow Related previous posts: Michael Lewis profiles Daniel Kahneman Authors@Google: Daniel Kahneman ...
- Herbert Simon Quote On The Value Of Mental Models
Via Farnam Street (Thanks for sharing!):“One can train a man so that he has at his disposal a list or repertoire of the possible actions that could be taken under the circumstances…A person who is new at the game does not have immediately at his disposal...
- Humans Are Naturally Bad Investors - By Edward Chancellor
The aim of investment is, in the words of John Maynard Keynes, to “defeat the dark forces of time and ignorance”. Today, those forces appear as dark as at any time in our history. Rather than despairing, it is time to consider how we make decisions...
- Wsj: Learning How To Focus On Focus - By Jonah Lehrer
Found via Farnam Street. For most of human history, the progress of knowledge was constrained by a shortage of information. Books were expensive and rare, libraries were reserved for elite scholars and communication was extremely slow. Mail moved at the...