Monday, July 24, 2017


Phil Ordway's talk on human misjudgment (LINK)
Here is a copy of a talk I gave at John Mihaljevic's excellent conference in Zurich last month. The goal was to "update" Charlie Munger's famous talk "The Psychology of Human Misjudment" to include more recent examples and the work of Kahneman and Tversky. The best part is probably the contribution of Jason Zweig -- collaborator with Kahneman on his book and leading expert on all things behavioral and investing -- who was kind enough to share his thoughts. A big thank you to him for that and to John for hosting an excellent event.
[Related to the above, the Word file I'll probably update at some point to include a bunch of things Phil added to the research via his talk: Charlie Munger's "The Psychology of Human Misjudgment"]

Farnam Street: A Primer on Critical Mass (LINK)

Latticework of Mental Models: Echo Chamber Effect (LINK)

A Dozen Lessons on Investing from Ed Thorp - by Tren Griffin (LINK)
Related book: A Man for All Markets
Baupost Readies Dry Power Amid Frothy Markets (LINK)

Grant’s Podcast: An invigorating interview with Trey Reik of Sprott Asset Management (LINK)

Adventures in Finance podcast: The Hedge Fund That Almost Broke the World (LINK)
Before the hundreds of billions in corporate bailouts and trillions in central bank interventions, there was a time when we believed there was no way our financial models and investment strategies couldn’t be wrong. That was until a hedge fund came along that threatened to bring down the global financial system in 1998. 
Jesse Eisinger talks with Barry Ritholtz on the Masters in Business podcast (LINK)

The Tim Ferriss Show: When to Quit – Lessons from World-Class Entrepreneurs, Investors, Authors, and More (LINK)

Everything you need to know about the dichotomy of control - by Massimo Pigliucci (LINK)

The Success of Paying People to Not Cut Down Trees - by Ed Yong (LINK)

Humpback Whales Remix Their Old Songs - by Ed Yong (LINK)

The Great American Solar Eclipse of August 21, 2017 (Part 1) - by Phil Plait (LINK)