Great essay on the psychology of money. Many nuggets of wisdom abound and its worth reading all the way through. I loved these lines in particular
Accepting that everything involving money is driven by illogical emotions and has more moving parts than anyone can grasp is a good start to remembering that history is the study of things happening that people didn’t think would or could happen. This is especially true with money.
One of those moving parts could be trading algorithms that have not been "trained" to scan for typos and adjust decision making accordingly. To that end some stock of some very random company could sky-rocket for no reason as this recent news story reported.
Accepting that everything involving money is driven by illogical emotions and has more moving parts than anyone can grasp is a good start to remembering that history is the study of things happening that people didn’t think would or could happen. This is especially true with money.
One of those moving parts could be trading algorithms that have not been "trained" to scan for typos and adjust decision making accordingly. To that end some stock of some very random company could sky-rocket for no reason as this recent news story reported.
Comments