NoNameProf

emotion is a shortcut evolved for human brain (limited capacity, unfortunately) to deal with problems that it will take too much time (or impossible) for logic (rational thinking) to solve.  my sense is that, on average across problems and across all humans, emotional responses to a problem (conditional on logic does not speak clearly on […]

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many of my colleagues believe in efficient market, I don’t, at least not when we are talking about time horizon of a few years (or less). the logic is quite simple, there is no such thing as abstract market, market is composed of people who buy and sell and the majority, allow me, do not even […]

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