3 Personal Traits Tainting the Forecasts of Financial Analysts
Investors expect the forecasts of financial analysts about companies to be rooted in data and objectivity. In fact, we often hear that... Read More
The Law, A False Sense of Morality?
Posted on24 Mar 2014
TagsThe Atlantic, patriotism, healthcare, Julie Rasmussen, Rosa Parks, Oprah Winfrey, U.S. Federal Trade Commission, Jesse Willms, Microsoft, Twitter, rules, moral, law, financial markets, ethics, cognitive dissonance
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Our Twitter exchange regarding a quote of mine encouraged Dr. Julie Rasmussen to suggest that I incorporate it into a post. She... Read More
Economics, Illogical or Irrational?
Once upon a time, long, long ago, a successful retail executive confided that in college she didn’t do well in economics. She... Read More
Efficient Markets are Mirages
Posted on31 Jan 2011
TagsPaul Marsh, power behind beliefs, The Economist, Why Newton Was Wrong, neoclassical economics, behvioral economics, beliefs, economic bubbles, efficient market hypothesis, Elroy Dimson, EMH, financial markets, fundamental analysis, investing, London Business School, Mike Staunton, momentum effect
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Emotions drive human decision-making, a key assumption behind the effectiveness of intuitive approaches. However, mainstream economic theory – as represented by neoclassical... Read More
