A Wealth Of Common Sense: 10 Things Investors Can Expect in 2018 “I have no idea what’s going to happen — in world events, politics, or the market — in 2018 (and neither does anyone else). This baked in uncertainty is what makes the financial markets equal parts maddening and fun to prepare for.”
Morgan Housel via The Collaborative Fund: The Thrill Of Uncertainty “Part of Skinner’s research was determining what incentives are so powerful that they can’t be ignored, causing animals to become obsessed beyond the need for food pellets. What kind of incentives make a pigeon lose its mind?”
Of Dollars And Data: The Patterns That Weren’t There “My point is that many of the financial decisions you make throughout the rest of your life will be dominated by small sample sizes where randomness will likely play a role. If you combine this with the recency bias (i.e. the tendency to overweight the most recent information), you can see how short-term patterns could affect your financial decision making. Therefore, before you make a financial decision, consider how chance could be influencing your decision.”
The Reformed Broker: The Fatal Mistake Crypto Investors Are Now Making“The best (and worst) thing about blockchain technology is that its FREE, which means anyone can create a coin out of thin air, name it whatever they like, and start using it to trade with other people. It quite literally takes less than 24hrs to do so for someone with mediocre tech skills. The only difficult part is convincing suckers, err sorry, I mean lovely people, that the coin you created is worth something. This simple fact has led thousands of scam artists throughout the world to create their own coins and sell them to unsuspecting retirees and “I wanna get rich quick” targets.”
Quentin Richardson: Letter To My Younger Self “Now, I got a question for you. Do you know what DNA is? You probably don’t. DNA goes deeper than blood, man. It’s your makeup. It’s what you’re built from. It’s the cut of your cloth, you know what I’m saying?”
Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimer page.