An interesting article in The New Yorker by Malcolm Gladwell about the psychology of overconfidence and how it relates to the behavior (and losses) of banks in the sub-prime meltdown.
Excerpts:
“One of the things that happen to us when we become overconfident is that we start to blur the line between the kinds of things that [...]
Entries from July 2009
“Cocksure. Banks, battles, and the psychology of overconfidence” by Malcolm Gladwell
July 24th, 2009 · No Comments
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“An 18-Minute Plan for Managing Your Day” by Peter Bregman
July 22nd, 2009 · No Comments
Below is an excerpt from Peter Bregman’s blog post “An 18-Minute Plan for Managing Your Day”:
“Managing our time needs to become a ritual too. Not simply a list or a vague sense of our priorities. That’s not consistent or deliberate. It needs to be an ongoing process we follow no matter what to keep us [...]
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Where Does The Money Go?
July 14th, 2009 · No Comments
VisualEconomics.com has another very interesting display of data from the most recent (April 2009) Bureau of Labor Statistics’ spending survey.
Visit http://www.visualeconomics.com/how-the-average-us-consumer-spends-their-paycheck/ to see the full-size graphic.
Tags: financial affairs