Posts Tagged ‘economics

A reminder that Daniel will be introducing a discussion of America’s new technocratic elite at the Institute of Ideas Economy Forum in London tomorrow evening.

While most of you were off on your summer holidays the world’s top economic policymakers were up to something else. Although they enjoyed more salubrious surroundings than many they kept busy doing what they do best: blaming others for the economic mess they have played a key part in creating. The summer’s top gig was […]

When a blatant error is repeated frequently it is worth thinking about why. In this case the example is not directly related to investment or economics but there is an important parallel. Some readers might have seen the recent report apparently showed six-year-olds outstripping adults in their understanding of information technology. Since it was reported […]

I will be introducing a discussion of America’s technocratic elite at the Institute of Ideas Economy Forum on 16 September in London.

Much coverage of recent innovations in the financial markets seems to have a simple message: “beware of the dark side”. Like some bizarre offshoot from the Star Wars franchise it evokes a dimly lit world inhabited by a new, dangerous species. First, there are the “dark pools”. These are private trading venues, typically housed inside […]

Debate concentrates the mind. It is easy to dismiss opinions you disagree with from the privacy of your own living room. Debating articulate exponents of contrary views is another matter – even more so when the discussion takes place in front of a large audience. I found myself in the position of having to sharpen […]

I will be debating whether emotion or reason dictate the financial markets on the Free Thinking programme on BBC Radio 3 at 10pm this evening (subsequently available on the internet). The event was recorded at the recent City of London festival (see 7 July post).

This is the main text of my recent Fund Strategy cover story on behavioral finance. For a related box see below. Insights into investment behaviour sometimes come from unexpected directions. Daniel Kahneman, who won the Nobel prize for economics in 2002 for his work on behavioural finance, has described what for him was a eureka […]

This box was part of my recent Fund Strategy cover story on behavioural finance. Although behavioural finance owed much to modern psychology it also has other antecedents. Often they run parallel to discussions about irrational crowd behaviour. In the 1970s, at about the same time as Daniel Kahneman and Amos Tversky were starting to develop […]

This is my column for the July issue of Fund Strategy. Those who work in investment are more guilty than most of being too ready to accept the authority of numbers. Words can be doubted but numbers are often seen as virtually sacrosanct. Indeed, financial news often revolves around numbers. An index is down by […]