A charming short anime by the Canadian director Richard Contie. Admittedly it is somewhat simplistic and the image offered of John Law is too candid, but it is a nice way to start thinking about the issue.
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Financial journalist and “The Inteligent Investor” columnist Jason Zweig writes in the Wall Street Journal on the consistency of long-term stock market time series used in Jeremy Siegel’s Stocks for the Long Run book. In his article, Zweig questions how useful and reliable is to analyze financial markets with (weakly constructed) historical stock-market data, and argues against a popular belief that relied on these time series, i. e., that equity returns excede bond returns in the long-term.
A brillant exposé, which should inspire every economic historians. I’m thinking in particular about the culturalist debate. The ethics of any given socio-economic group is buit around a set of rules appealing to the mechanisms described by Dan Ariely. That’s what people like A. Grief fail to take into account. Men are hard-wired in such way that cold blooded rationalization out is not the way we think.
Nothing groundbreaking but it is interesting to remember how passionate were the debates back in the days. The guy who asks the question is really a mouthful. Besides, I guess one also has to wonder was Milton Freedman ever young or was he some sort of Benjamin Button character with a slight difference: he was born old and he died just as old. Read the rest of this entry »
It goes without saying but it goes so much better when you say it so intelligently.