November 2011
10 posts
“An economist is an expert who will know tomorrow why the things he predicted...”
– Laurence J. Peter
“In economics, things take longer to happen than you think they will, and then...”
– Rudiger Dornbusch
"If someone doesn't think you're hot, the next...
Dating site OKCupid.com gives extensive analysis of social behavior: who’s got more messages, how people respond. What makes it fascinating is that the analysis is always backed by hard data: there is no subjective argument, only pure statistical observations. This is a rare opportunity to glimpse directly at our minds, and mostly as what Daniel’s Kahneman calls ‘System 1’, the part of our...
“Definition of Bailout:
If you owe the bank thousands of dollars, it’s...”
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“There’s nothing wrong with having plans, plans are great.
But missions...”
– Seth Godin
“The Stock Market should be driven by logic, and accessible to anybody. Of...”
“Individuals who consistently succeed in various probabilistic fields possess...”
– Michael Mauboussin
“You will be sorely tempted to climb on market bandwagons late, after a huge run,...”
– Interloping.com
“In Greece wise men speak and fools decide.”
– George Santayana