There is a world of difference, all you need really, in the difference between these 2 statements: the market IS efficient and the market becomes efficient. It’s the difference between a state of being and a state of becoming (a state of action). A market moving towards efficient price levels is a market in motion, […]
Tag: paradigms
“When you come to a fork in the road, take it” (Y. Berra)
Professor Roubini is the new “it” guy for economists, a pretty interesting character. he says the following, which is full of win. The government finds itself in the position of trying to coax people back into the same behaviors that they were engaged in before, so that all the people who earned their livelihood on supporting […]
5 Things traders can learn from America’s greatest fighter pilot
COL John Boyd , USAF was a national treasure. One of the most gifted and effective fighter pilots of all time, he went on to revolutionize the way the armed services thought about command, control and combat effectiveness on the modern chaotic battlefield. He was instrumental in reforming the process by which the Department of […]
Military officers: superstitious?
A new blog friend, Konrad Talmont-Kaminski, a naturalist philosopher in Poland, shares an interest in bounded rationality. He is thinking hard about superstition and the question was posed to me: Given the connection between stress and superstition the army must be a good place to run tests. Do you think the military are among the […]
Finding the Hidden Power in Words
From an email that has been widely circulating the Internet: “The following is the 2007 winning entry from an annual contest at Texas A&M University calling for the most appropriate definition of a contemporary term. This year’s term was ‘ Political Correctness ‘. The winner wrote: ‘Political Correctness is a doctrine, fostered by a delusional, illogical […]