News of real interest.
Traditional economic theory suggests human beings behave rationally when making decisions. In other words, humans, on average, act in such a way as to maximize fulfillment of their needs and desires. Since earning wealth is assumed to be a good thing, and more wealth is assumed to be better than less wealth, it is further assumed that people make rational decisions in order to maximize their wealt…Read post
“I’m back baby, I’m back!” George Costanza, Seinfeld (Episode 65, Season 5)
Just when you thought market volatility was a thing of the past, it came roaring back in the first quarter of 2018. After a year of historical market quiescence, when stock market volatility was almost completely absent, volatility returned in the first quarter of 2018. In 2017 the S&P 500 had no d…Read post
“Years ago my mother used to say to me, she’d say, “In this world Elwood, you must be” – she always called me Elwood – “In this world Elwood, you must be oh so smart, or oh so pleasant.” Well, for years I was smart. I recommend pleasant. You may quote me.” Elwood P. Dowd (James Stewart), from Harvey, by Mary Chase.
With 2017 in the books, we can contemplate the rem…Read post
A few weeks ago, I volunteered at a summer camp serving refugee kids and it was art day. Over one hundred kids were doing an art project with shaving cream and food coloring. Imagine the chaos! All I could envision was scattered kids, swirling colors, shaving cream fights – inescapable mess!
Surprisingly, the scene I imagined didn’t happen.
Before beginning, the art t…Read post