Turning lemons into lemonade

Turning lemons into lemonade

We just discovered that we had a printing error with the second edition of my Handbook of Investment Performance: we left off part of the bibliography.Now, you might think this isn’t a big deal, but for a firm that prides itself on the highest quality in...
The value of subjective judgment

The value of subjective judgment

I must confess that I am enjoying Daniel Kahneman’s Thinking Fast and Slow quite a bit; so much so that not only am I listening to it (via my Audible.com account) but am referencing it, too (via my Kindle download!). And so, this affords me the opportunity...
It’s pi day!

It’s pi day!

I thank my wife for reminding me that today is “pi day.” It should not go without notice.”Pi day”???Yes, you remember pi, right? Recall that pi is a constant that is the ratio of any Euclidean circle’s circumference to its diameter....
Justifying claims and beliefs

Justifying claims and beliefs

I began listening to Thinking, Fast and Slow by Daniel Kahneman this week, and am finding it to be both interesting and motivating. Daniel Kahneman is a Nobel Prize winner. In this book he discusses various studies that he and his colleagues conducted.It occurred to...

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