Gold and Dirt
It’s the nature of the market to swing from extremes of euphoria to extremes of despair. At one extreme gold can trade at the price of dirt and the at the other end, dirt at the price of gold.
Tag: Rationality
The fallacy of data
We tend to over weigh what we know and under weigh what we don’t. This can be dangerous.
A thought experiment in rationality
Incentives are a super power and your incentives and that of your fund manager may differ.
Interest upon Interest 