My top 10 highlights from the book: The Signal and the Noise: The Art and Science of prediction by Nate Silver
The typical Amazon product page has almost 10 elements meant to nudge us to buy the product. All businesses utilise FOMO-nudges to stand out in a crowded marketplace to sell. Investing is no different. But FOMO as a sales tool in investing looks different. As of writing this, markets have been recovering and making new highs. There will be no shortage of sales nudges implying innate brilliance and visions of quick returns. The more you understand them, the less effective the nudges become.
Disclaimer: This post was first published on capitalmind.in is a question without an answer. It is also not about investing. In the winter of 1799, George Washington, the first President of the United States, is living a peaceful retirement at his plantation, Mount Vernon. On December 12, he spends much of the day outside in … Read more