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Monthly Archives: September 2007
Of black swans, grasshoppers and dumb, dumb policies
Nassim Taleb's new book The Black Swan has been causing quite a stir. Taleb points out that there are very few things that we can truly know about the future as human life is continually besieged by events that were … Continue reading
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The problem of infinite theory and finite lifespans
Yesterday I was re-reading Capital Ideas: The Improbable Origins of Modern Wall Street by Peter Bernstein. For anyone that has not read this book lately, I strongly recommend it as an exceptional overview of how capital market theory, as we … Continue reading
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Quotes of the Day: from A Fool and His Money
“Bear Market: a time when most people lose what they may have accidentally gained in the bull market.” “Savings: the money people had before they started trying to invest it.” “Long-term investor: patient fool; someone who should have sold a … Continue reading
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