The particular occasion of this lecture, combined with the chief practical problem which economists have to face today, have made the choice of its topic almost inevitable. …
Continue Reading about The Pretense of Knowledge (Friedrich Hayek) →
Contrarian Investor
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The particular occasion of this lecture, combined with the chief practical problem which economists have to face today, have made the choice of its topic almost inevitable. …
Continue Reading about The Pretense of Knowledge (Friedrich Hayek) →
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Successful investors tend to be unemotional, allowing the greed and fear of others to play into their hands. By having confidence in their own analysis and judgment, they respond to market forces not …
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As an investor, Dell never really attracted my attention. Previously, it was one of Wall Street's favorites and its start-up story a future bestseller. It thrived on a well thought-out business model …
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The slogan of the Econometric Society is the positivist statement: "Science is measurement." The society wishes to set up an exact mathematical science of economics to replace the supposedly inexact, …
Continue Reading about The Mathematical Treatment of Economic Problems (Ludwig von Mises) →
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I must confess that if I had been consulted whether to establish a Nobel Prize in economics, I should have decidedly advised against it. …
Continue Reading about Nobel Prize Banquet Speech (Friedrich Hayek) →
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What do Leonardo da Vinci, Albert Einstein, Benjamin Franklin, Thomas Jefferson, Michel Angelo and Thomas Edison have in common? Two things. …
Continue Reading about How Not to Throw Away Your Life Sleeping →
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Two disparate views of markets represent well the range of opinion among U.S. stock market participants today. One is a devout faith in market efficiency and the supremacy of market pricing as a …
Continue Reading about Investment Strategy: All About the Benjamins (Mark Spitznagel) →
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Michael Galpert rolls over in bed in his New York apartment, the alarm clock still chiming. The 28-year-old internet entrepreneur slips off the headband that’s been recording his brainwaves all night …