Confirmation Bias

No, the stock market is not ‘finally taking “X” [insert pet cause] seriously’ when there are back to back down days. Not very many things move the market, and when… Read more »

Consumption Smoothing

WCI touched on consumption smoothing in a recent post. This is one area where classical economics and real life observation (and behavioral economics) differ greatly. Consumption smoothing is the act of… Read more »

Jack’s Links

This week, a few links about Trump that won’t cause you to claw your eyes out because of the terrible journalism. Scott Sumner on Trump the mailman: Scott’s main points… Read more »

Trump on Immigration

With Trump signing an executive order to halt immigration from 7 countries, there is a resounding reaction (at least in my bubble): It's becoming pretty clear that if trump voters… Read more »

Dow 20,000! We did it!

I’m just kidding, nobody cares about arbitrary round numbers that we happen to have passed on an index that kinda sorta measures growth of big companies in America. And may… Read more »

Effort, Time, and Being Great

*Quick definitional disclaimer: when I say “good”, I mean something like top 25th percentile. When I say “great”, I mean something like top 0.5%. Mike Reiss at ESPN reported this:… Read more »