“How do you feel about the economy today? A little worse, maybe, than you did two weeks ago? But a lot better than you did in March? Things feel better to me too, but I can’t explain exactly why. It might be because for most of last fall, I walked around in an apocalyptic trance, and you can’t keep that up forever. I was bewildered by the breadth and intensity of the financial crisis. Among other odd behavior, I convinced myself that if I learned everything there is to know about things like credit-default swaps and “Pick a Pay” Option ARMS, I could defend myself against a dysfunctional future.”
Great article by Hugo Lindgren at the New Yorker follows on my previous post about investors having too much information. You can find an “expert” to justify any view you want to take. With todays 24×7 stock market TV, the internet and of course aggresive print media using “grab your attention headlines” to sell media you can be excused for wanting to lead a simpler life…
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