Here are some of the things. Some thoughts, some questions, some statements, some snippets of my notes... fairly random
- How do poor countries get richer?
- Misinterpretation of correlation. Because A is followed by B, or B occurs mainly around A, it doesn't mean A causes B.
- The Difference between `Weekend Players' and the greats.
- What makes a company the best to work for?
- Price Discovery
- Opportunities arise because others see problems.
- It is better to be approximately right than precisely wrong.
- DVORAK keyboards. Apparently qwerty keyboards were intentionally designed to be inefficient.
- What about combining Psychology and Financial advise, become a `wealth therapist'. Since the biggest factor in creating and destroying wealth is EQ, not IQ.
- Read Epiphany by Ken Robinson.
- How to decide what to read? rating posts? Select Raters?
- The Creativity Barrier
- Sunk Costs
- Legacy issues even if you change
- Hans Rosling
- Solicit Contrary views
- The market can remain irrational longer than you can hang onto your position or your carreer.
- Short term volatility should not matter to long term investors.
- Moral High Ground vs. Professionalism vs. Paternalism
- Poker vs. Trading vs. Investing
- Standard Finance assumes that investors are rational while behavioural finance just assumes that they are normal.
- Free Riding
- Executive Coaches
- Extraordinary investors - Warren Buffet, Bill Miller, Leon Levy, Dave Swensen, Jack Meyer
- Assymetry of Information.
4 comments:
Hey, no.9 is MY idea!
Really? I am serious.
Getting people out of debt, charging in the same way as a psychologist does, with regular discussions.
Pretty sure there aren't too many psychologist/actuary combos out there ;-)
I am also serious. Not just getting people out of debt, but advice on all aspects of life that broadly affect financial wellbeing. With comparative advantage based on expertise in the following disciplines - psychology, economics (mainly micro), actuarial (long-term view).
As we speak, I'm stocking up on books to enable me to learn my craft.
Keep me posted on your reading list, I plan on doing a similar thing. We can change the world!
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