Money and Finance
- Links
Nassim Nicholas Taleb's interview at the Tomorrow Conference in June 2015 (video) [H/T ValueWalk] (LINK) Related book: AntifragileRichard Thaler talks to Barry Ritholtz about his book, Misbehaving: The Making of Behavioral Economics (LINK)...
- Peter Cundill Quote
From There's Always Something to Do: I believe that there is probably one opportunity in every man’s life which demands his knowledge, his guts, his self-esteem, and his judgement. If he seizes it with both hands and it is successful, he joins...
- In Slalom, Mikaela Shiffrin Zips To Bottom And Reaches The Pinnacle
Michael Mauboussin (who was also interviewed HERErecently) mentioned this story as a great example of focusing on process over outcome. Link to article: In Slalom, Mikaela Shiffrin Zips to Bottom and Reaches the PinnacleKRASNAYA POLYANA, Russia — Mikaela...
- Adam Smith, Behavioral Economist
From the Journal of Economic Perspectives – Summer 2005 In The Wealth of Nations, published in 1776, Adam Smith famously argued that economic behavior was motivated by self-interest. But 17 years earlier in 1759, Smith had proposed a theory of human...
- Protecting Your Income
The global economy still isn't back on its own feet as central banks are continuing to prop up the economy by printing more money. It seems like for the past few years all you've heard on the financial news is how the economy could slip into...
Money and Finance
This Day in Failure: September 20
I hadn't heard of this fact before:
1911: While beginning her fifth Atlantic crossing under the command of Captain E.J. Smith, the ocean liner Olympic collides with the HMS Hawke, punching a triangular hole eight feet by fifteen feet in Olympic’s side. Two of the massive liner’s compartments are flooded, but thanks to her watertight doors, she remains afloat. A subsequent inquiry concludes that Smith—who goes on to captain Titanic on its maiden voyage—is guilty of recklessness.
- Links
Nassim Nicholas Taleb's interview at the Tomorrow Conference in June 2015 (video) [H/T ValueWalk] (LINK) Related book: AntifragileRichard Thaler talks to Barry Ritholtz about his book, Misbehaving: The Making of Behavioral Economics (LINK)...
- Peter Cundill Quote
From There's Always Something to Do: I believe that there is probably one opportunity in every man’s life which demands his knowledge, his guts, his self-esteem, and his judgement. If he seizes it with both hands and it is successful, he joins...
- In Slalom, Mikaela Shiffrin Zips To Bottom And Reaches The Pinnacle
Michael Mauboussin (who was also interviewed HERErecently) mentioned this story as a great example of focusing on process over outcome. Link to article: In Slalom, Mikaela Shiffrin Zips to Bottom and Reaches the PinnacleKRASNAYA POLYANA, Russia — Mikaela...
- Adam Smith, Behavioral Economist
From the Journal of Economic Perspectives – Summer 2005 In The Wealth of Nations, published in 1776, Adam Smith famously argued that economic behavior was motivated by self-interest. But 17 years earlier in 1759, Smith had proposed a theory of human...
- Protecting Your Income
The global economy still isn't back on its own feet as central banks are continuing to prop up the economy by printing more money. It seems like for the past few years all you've heard on the financial news is how the economy could slip into...