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The similarities between mankind’s innate tendency to behave irrationally in markets and neurosis always astounds me. Mowrer nails it here some 60+ years ago in his discussion of the neurotic paradox, 30 years before Prospect Theory was published… Most simply formulated, it is a paradox – the paradox of behavior which is at one…
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This is a guest post by my friend Fred Viole at Ovvo Financial Systems. He’s doing important work in behavioral economics. Please take a few minutes to respnd to his survey. Please help further research into Prospect Theory by completing this short survey. It is 18 questions and takes no more than a few…
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I still own shares of $SAM from the IPO. It was 1995, I was in grad school and the company asked customers to send in a check for 495$ along with a proof of purchase of Samual Adams product for a chance to own 33 shares at 15/share. Then, those who submitted were chosen…
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Ok. So the game appears to be afoot again. There are reports from multiple sources that the $YHOO board will meet again today to consider a deal for Asian assets. People get excited every time as evidenced by price and volume spikes but as I have said, leaks to the media in these situations do…
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This is the second part of the Thriving in a Tough Tape series. You can find part 1 here. …the master of Judo never relies upon his own strength. He scarecely uses his own strength in the greatest emergency. Then what does he use? Simply the strength of his antagonist. The force of the…
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What’s your favorite one stock for 2012? Please reply in the comments section of this blog post and include a rationale. I may pick one answer to include in the Globe and Mail Poll (or pick my own). Update: Can be a short or long.
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As cool as the pale wet leaves of lily-of-the-valley She lay beside me in the dawn. -Ezra Pound Tweeting to a large audience from @StockTwits, we sometimes get strong reactions. When posting links, our intent is to surface content that is original, valuable and thought provoking. Our own subjective point of view is not…
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Quick Note: Seems like there is a bunch of negativity on the stream and the tv this morning even as the futures appear to indicate only a modest decline at the open. Two reasons for this. 1. Underlying the tape there continues to be an abnormally high level of chronic uncertainty and anxiety which…