Unanchored - Epsilon Theory
epsilontheory.com
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Unanchored - Epsilon Theory
Amos Tversky and Daniel Kahneman had explored how individuals make decisions, demonstrating how prone most are to act irrationally. Later, economist Richard Thaler used psychological insights to explain anomalies in investor behavior, spurring the growth of the field of behavioral economics, which explored the cognitive biases of individuals and in
... See moreGregory Zuckerman • The Man Who Solved the Market
investing has changed for younger generations who see it less as a way to grow savings (there are none) and more as a lottery-ticket with entertainment value (reads: memes)
think this is mostly a result of lower affordability (esp homeownership) across the board which makes it more interesting to punt risk assets___LINE... See more
Santiago R Santosx.com