DeAngelis

MINDSHARE

Jefferson V. DeAngelis

Jefferson V. DeAngelis

Sharpen Your Axe

August days in financial markets tend to be quiet. Volumes contract as many investors take to the sidelines. This time offers a chance to spend time with families and friends, read a book, enjoy a beer; in short, it’s a good time to sharpen our axes for the fall.

2018-08-28T09:49:32+00:00 By |

Taper Tantrum 2.0

Like greenskeepers carefully tending to the needs of golf course greens with the arrival of spring, central banks face an equally delicate task of restoring national economies showing slower signs of life without killing off healthy ones, and seek stability over wild undulations.

2018-08-28T09:25:52+00:00 By |

Things are Better Than They Seem

In his new book, psychologist Steven Pinker details how the human condition has steadily improved over the past millennia.  His data suggests that we enjoy longer, healthier and happier lives than our ancestors; that we have made significant progress against disease and starvation; and we have experienced a steady decline in deaths resulting from wars, natural disasters and crime. 

2018-05-24T08:04:14+00:00 By |

The End of Risk-Free Returns

Markets are known for offering investors lessons in humility. On the one hand, Warren Buffet suggests that “humility can make you rich.” On the other hand, a lack of humility, typified by chasing unsupportable gains (aka Bernie Madoff), can lead to ruin. The difference in outcomes rests on the ability of investors to gauge the market.

2018-05-04T09:50:48+00:00 By |

Apophenia

Humans have an innate tendency to discern patterns and connections between otherwise unrelated things. Psychiatrists have termed this ability as apophenia. It’s an essential trait to make sense of an otherwise random world.

2018-02-28T12:01:14+00:00 By |

Stories and Storytellers

These days it is easy to be cynical. Writing this on the eve of a U.S. government shutdown, it seems that our leaders and institutions too often disappoint us. Perhaps the truth about our leaders and institutions was always oversold, yet we chose to believe differently.

2018-02-16T08:50:12+00:00 By |