I read this and the click-thru. As a lover of history and fascinated by neurology some of this IMO is tied up in cognitive bias of one sort or another. One of my favorite authors is Michael Lewis. In one of his books he profiles a short-seller who has an investment strategy wholely governed by the observation that ALL HUMANS are profoundly bad at assessing risk :)
Hi Mark - thanks! Yes, Michael Lewis has written a couple of good books on this topic. Another good book I am reading right now is by Daniel Kahneman "Thinking fast and slow". He along with Amos Tversky did a lot of work on heuristics and biases, that also got him a nobel in economics.
"Thinking fast and slow" was a good read. Lewis is remarkable based on the breadth of his topics he explores. "The Fifth Risk" was quite good and a civics lesson.
Hi Naveen,
I read this and the click-thru. As a lover of history and fascinated by neurology some of this IMO is tied up in cognitive bias of one sort or another. One of my favorite authors is Michael Lewis. In one of his books he profiles a short-seller who has an investment strategy wholely governed by the observation that ALL HUMANS are profoundly bad at assessing risk :)
Hi Mark - thanks! Yes, Michael Lewis has written a couple of good books on this topic. Another good book I am reading right now is by Daniel Kahneman "Thinking fast and slow". He along with Amos Tversky did a lot of work on heuristics and biases, that also got him a nobel in economics.
"Thinking fast and slow" was a good read. Lewis is remarkable based on the breadth of his topics he explores. "The Fifth Risk" was quite good and a civics lesson.
Cool! I need to check out "The Fifth Risk". Thanks for the recommendation.