Money and Finance
- Bertrand Russell And Uncertainty
"I think nobody should be certain of anything. If you’re certain, you’re certainly wrong because nothing deserves certainty. So one ought to hold all one’s beliefs with a certain element of doubt, and one ought to be able to act vigorously in spite...
- Peter Bernstein Quote
From FACING THE CONSEQUENCES:Risk is about how we make decisions, and only incidentally about the math that we employ to reach those decisions. Knowing how it works is just the beginning. Knowing how to use these tools is the introduction to wisdom. And...
- Links
John Burbank on the Source of the Biggest Mispricings (LINK) How Money and Banking Work On a Gold Standard (LINK) Andrew Smithers: The problem of the equity risk premium (LINK) Jim Grant: Buy Hated These Hated Stocks (LINK) Mark Hanson: Lack...
- Hussman Weekly Market Comment: The Price Of Distortion
The central issue in the current financial markets, in my estimation, is distortion. Because monetary distortion dominates the financial markets here (helped by fiscal distortions that have temporarily elevated profit margins about 70% above their historical...
- Peter Bernstein Quote
"What if I am wrong? Any rational investment plan has to start with that question." -Peter L. Bernstein ...
Money and Finance
Peter Bernstein quote
“In their calmer moments, investors recognize their inability to know what the future holds. In moments of extreme panic or enthusiasm, however, they become remarkably bold in their predictions: they act as though uncertainty has vanished and the outcome is beyond doubt. Reality is abruptly transformed into that hypothetical future where the outcome is known. These are rare occasions, but they are unforgettable: major tops and bottoms in markets are defined by this switch from doubt to certainty.” -Peter Bernstein
- Bertrand Russell And Uncertainty
"I think nobody should be certain of anything. If you’re certain, you’re certainly wrong because nothing deserves certainty. So one ought to hold all one’s beliefs with a certain element of doubt, and one ought to be able to act vigorously in spite...
- Peter Bernstein Quote
From FACING THE CONSEQUENCES:Risk is about how we make decisions, and only incidentally about the math that we employ to reach those decisions. Knowing how it works is just the beginning. Knowing how to use these tools is the introduction to wisdom. And...
- Links
John Burbank on the Source of the Biggest Mispricings (LINK) How Money and Banking Work On a Gold Standard (LINK) Andrew Smithers: The problem of the equity risk premium (LINK) Jim Grant: Buy Hated These Hated Stocks (LINK) Mark Hanson: Lack...
- Hussman Weekly Market Comment: The Price Of Distortion
The central issue in the current financial markets, in my estimation, is distortion. Because monetary distortion dominates the financial markets here (helped by fiscal distortions that have temporarily elevated profit margins about 70% above their historical...
- Peter Bernstein Quote
"What if I am wrong? Any rational investment plan has to start with that question." -Peter L. Bernstein ...