Source: The New Yorker
Most of the time, Humans exist in a happy little bubble of self-created delusion. We lie to ourselves constantly. We rationalize everything we do, past and present. We engage in selective perception, seeing only the things that agree with us. Our selective retention retains the good stuff and disregards most of the rest. In the […]
Money manager Barry Ritholtz comments on the wrong concepts about the stock market held by many economists and MBAs: The tenacity of bad ideas is quite astounding. Just because something is wrong, and verifiably so, does not seem to have much immediate impact. It remains a staple of academia, as well as the actual practice […]
Apple Patent That Could Mess With Data Profilers a Good SignApple’s patent for techniques that would make data profiling more difficult foreshadows a possible future in which at least one big business sides with consumers and fights against the increasingly bothersome and widespread practice—PCWorld Prepaid Cellphones Are Cheaper. Why Aren’t They Popular?Prepaid phone plans, where […]
Remarkably, the stock market now values Apple at $456 billion, more than Microsoft and Google combined. Apple is now the most valuable company in the world. Apple Insider reports: As of Thursday morning, Microsoft’s market cap was around $256.7 billion, while Google was valued at around $198.9 billion. With Apple’s stock up more than 3 […]
The sooner we recognize that the field of economics is a branch of Sociology and not Mathematics, the better off we will all be.—Barry Ritholz, money manager and financial writer.