News of real interest.
“If it’s not one thing it’s another…” Rosanne Rosanna Danna SNL circa 1970 something
In view of current economic growth in the U.S. and overseas, what stands to be the largest potential areas of impact over the next 12-24 months?
The month of October has a reputation for being the cruelest of months for markets. And this reputation is well earned. During October…Read post
“When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing.” Charles Prince, Citigroup CEO. July 2007 interview with the Financial Times.
“History doesn’t repeat itself but it often rhymes.” Aphorism often attributed (probably incorrectly) to Mark Twain.
Another common behavioral bias is the anchoring effect. Put simply, the anchoring effect describes the tendency to rely too heavily on a singular piece of data or information when making decisions. Often the anchor is an initial piece of information or something familiar to the decision maker. Taking the concept one step further, anchoring also describes how people co…Read post