Tim Richards | TalkMarkets | Page 2

Tim Richards

Author, Owner of The Psy-Fi Blog
Contributor's Links: The Psy-Fi Blog Book: The Zeitgeist Investor
Tim Richards is a blogger, researcher and advocate of behavioral finance. He owns the Psy-Fi Blog, a sideways look at psychology and finance. Mr Richards is also the author of The Zeitgeist Investor. In 'The Zeitgeist Investor: Unlocking The Mind of the ...more
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17 to 32 of 85 Posts
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Behavioral Bias 101: #1 Illusory Pattern Recognition
Thursday, February 25, 2016 11:47 AM EDT
As with so many of these biases, the main trick is to know yourself. If you’re basically superstitious you probably shouldn’t be an active investor.
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7 Investing Lessons From Behavioral Psychology
Monday, February 22, 2016 6:01 AM EDT
Investing should be mainly about hard work, slogging through accounts and trying to figure out where or why a company has a defendable competitive advantage.
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Robobias
Wednesday, February 17, 2016 6:00 AM EDT
There’s a new class of financial intermediary in town: the robo-advisor. As I understand it the human advisor’s financial knowledge is sucked out of their brains and up-loaded into a machine. So, that shouldn’t take very long then.
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Investors, Still Chasing Hubcaps
Monday, February 15, 2016 4:37 AM EDT
The proper investor attitude to the markets should be one of humility, and should be governed by patience. Success in investing isn’t a social badge of honor, it’s an act of independence.
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Rethinking Economics: Let's Get This Schism Started
Thursday, February 11, 2016 5:11 PM EDT
The battle over economics is a battle over power. War followed, because that's what happens when established power centers come under threat; we shouldn't expect any different in economics.”
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Harking Back: Lessons In Investing From Science
Thursday, February 4, 2016 8:02 AM EDT
Avoiding HARKing is the future of the hard and the soft sciences. And, by analogy, as investors if we don't have hypotheses about what we're investing in then we're simply the modern equivalents of astrologers.
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When Comfort Blankets Go Bad: Risk, Perception And Investing Theater
Monday, February 1, 2016 5:48 AM EDT
The security analyst Bruce Schneier describes many of the security measures on public display as "security theater": a meaningless set of rituals designed to provide a comfort blanket.
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Be Prepared, Be Resilient
Thursday, January 21, 2016 9:05 AM EDT
So, markets are down, the oil price is seemingly in terminal decline, the (alleged) Ponzi scheme that is the Chinese economy is collapsing and interest rates are on the way up. A crisis?
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Can You Forecast Better Than A Dart Throwing Chimp?
Tuesday, July 14, 2015 5:19 AM EDT
The critical thing about investing - or any other complex system that doesn't admit of certainty - is to recognize all of the possible outcomes and assign relative probabilities to them.
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Lost In Your Own Memories: Age And The Room Effect
Friday, July 3, 2015 5:11 AM EDT
Relying on unsupported beliefs about our investing abilities isn’t safe. What is needed is a method rather than a belief system, a set of techniques to assist the investing process. Memories are not a true, or permanent, record of the past.
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Corporate Bias: When Projects Go Bad
Thursday, June 25, 2015 5:13 AM EDT
Those who had incurred a sunk cost inflated their estimate of how likely a project was to succeed compared to the estimates of the same project by those who had not incurred a sunk cost.
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Gaia And The Ambivalent Investor
Tuesday, March 24, 2015 1:18 PM EDT
We can all chase the latest exciting story stock on the basis of untold future riches, that somewhere there's a corporation that can make us wealthy: or we can acknowledge that although that may be true the chances of us finding that stock are vanishingly small.
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The Emperor's New Markets
Tuesday, March 10, 2015 5:48 AM EDT
Markets often exhibit behavior bordering on the delusional - frequently from the wrong side of the border.
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I Don't Know What I Like (And I Don't Know What It's Worth, Either)
Tuesday, March 3, 2015 5:53 AM EDT
One of the fundamental axioms of economics is that we know what we like: we have preferences, they're consistent across time and they can be revealed by careful experimentation.
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Novelty, Unicorns And The Stressed Investor
Wednesday, February 25, 2015 3:11 AM EDT
here’s a Groundhog Day effect in financial markets: wait long enough and another crisis will occur and everyone will be stunned and surprised. In fact they’ll be just as stunned and surprised as they were the last time one occurred.
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Beyond The Dismal Science
Thursday, February 5, 2015 4:38 AM EDT
Back in the nineteenth century Thomas Carlyle described economics as “the dismal science”, a term that’s been wheeled out ever since whenever some hackneyed journalist or febrile blogger feels the need to criticise something to do with money.
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17 to 32 of 85 Posts
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