The tendency to find order to ambiguous stimuli is built into the cognitive machinery we use to understand the world. That predisposition to impose order can be so automatic and so unchecked that we often end up believing in the…
Two main subjects: Why markets for goods and services tend toward equilibrium, but financial markets do not. Why central banks are useful and what they should do (which they currently don’t). Breaking the 170 page book into nine chapters, Cooper…
Wall Street Analysts are bad at stock picking: Analysis of all sell and buy recommendations in 2003 showed that the portfolio with negatively viewed stocks gained 53.5% (over two years), more than 75 percentage points better than the market. Investing, contrary…
Science journalist Ridley believes there is a reason to be optimistic about the human race and he defies the unprecedented economic pessimism he observes. The book is about the rapid and continuous change that human society experiences, unlike any other…
Why having too little means so much. By scarcity, we mean having less than you feel you need. It forms a common chord across so many of society’s problems. The science of scarcity is not new. It is called Economics—which…
We will soon be able to meet and exceed the basic needs of every man, woman, and child on the planet. Abundance for all is within our grasp. This bold contrarian view, backed up by exhaustive research, introduces our near-term…
The law of life is the law of belief. Belief can be summed up briefly as a thought in your mind. The master secret of the ages is the marvellous, miracle-working power found in my own subconscious mind. This is,…
Happy Money – The Science of Smarter Spending by Elizabeth Dunn & Michael Norton If you think money can’t buy happiness, you’re not spending it right. Two rising stars in behavioral science explain how money can buy happiness if you…
You can’t go around blaming other people for all the bits of your life that aren’t how you like them to be. I am not being unsympathetic. I am just saying that’s how it is. No one else—but you—can make…
Sometimes, improving oneself is not so difficult as there are so many ways in which one can improve. A good option is to mirror the behavior of successful people and one yardstick to measure success is to look at how rich and wealthy…