"Fundamentally, we aren’t nearly as stupid and ridiculous as often portrayed within behavioral finance."
Yes, such a seemingly benign but important belief. This is what bugs me the most about mechanized behavioral finance speak. People internalize the view of helplessness so much so that it becomes a self-fulfilling prophecy. To better yourself, you have to at least start from the premise and genuine belief that you have the potential to better yourself!
Paying gentian is the key, but I t’s not just our modern screen economy & culture that steals our attention. In the 1975 film Rancho DeLuxe, written by the estimable author Thomas McGuane, the modern day Montana cattle rustler played by Jeff Bridges justifies his larceny by saying “I’m so broke that I can’t afford to pay attention.”
"Fundamentally, we aren’t nearly as stupid and ridiculous as often portrayed within behavioral finance."
Yes, such a seemingly benign but important belief. This is what bugs me the most about mechanized behavioral finance speak. People internalize the view of helplessness so much so that it becomes a self-fulfilling prophecy. To better yourself, you have to at least start from the premise and genuine belief that you have the potential to better yourself!
This is the best blog post that I've read for a while. I'm sharing with my friends.
Paying gentian is the key, but I t’s not just our modern screen economy & culture that steals our attention. In the 1975 film Rancho DeLuxe, written by the estimable author Thomas McGuane, the modern day Montana cattle rustler played by Jeff Bridges justifies his larceny by saying “I’m so broke that I can’t afford to pay attention.”