Comments on: Age old wisdom for dealing with the financial crisis http://mindyourdecisions.com/blog/2008/10/09/age-old-wisdom-for-dealing-with-the-financial-crisis/ Articles on game theory and personal finance Sun, 20 May 2012 23:31:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Anchient Wisdom For Dealing With The Financial Crisis | Simoleon Sense http://mindyourdecisions.com/blog/2008/10/09/age-old-wisdom-for-dealing-with-the-financial-crisis/comment-page-1/#comment-3105 Anchient Wisdom For Dealing With The Financial Crisis | Simoleon Sense Mon, 20 Oct 2008 17:42:36 +0000 http://mindyourdecisions.com/blog/?p=759#comment-3105 [...] Today, I am linking to Presh Talkwalkar’s advice on dealing with the financial crisis. Presh, runs the Mind Your Decisions Blog and has a background in Economics and Mathematics. In this article he draws insights from Churchill, Socrates, and Buffett. (Click here to skip the intro and read the article) [...] [...] Today, I am linking to Presh Talkwalkar’s advice on dealing with the financial crisis. Presh, runs the Mind Your Decisions Blog and has a background in Economics and Mathematics. In this article he draws insights from Churchill, Socrates, and Buffett. (Click here to skip the intro and read the article) [...]

]]> By: Presh Talwalkar http://mindyourdecisions.com/blog/2008/10/09/age-old-wisdom-for-dealing-with-the-financial-crisis/comment-page-1/#comment-2974 Presh Talwalkar Wed, 15 Oct 2008 08:30:57 +0000 http://mindyourdecisions.com/blog/?p=759#comment-2974 <b><em>Mark W.</b></em>: Yes, it is natural to get nervous during such times. I have thought about shifting my investments too but so far have not (the market seems to be swinging quite a bit during the day too!). The media does perpetuate the craze and their experts do not offer good advice--they offer "news" which is more or less the latest gossip. It's best to understand the crowd psychology and then make your own call based on sensible reason. Mark W.:
Yes, it is natural to get nervous during such times. I have thought about shifting my investments too but so far have not (the market seems to be swinging quite a bit during the day too!).

The media does perpetuate the craze and their experts do not offer good advice–they offer “news” which is more or less the latest gossip. It’s best to understand the crowd psychology and then make your own call based on sensible reason.

]]> By: Mark W. http://mindyourdecisions.com/blog/2008/10/09/age-old-wisdom-for-dealing-with-the-financial-crisis/comment-page-1/#comment-2883 Mark W. Fri, 10 Oct 2008 12:20:17 +0000 http://mindyourdecisions.com/blog/?p=759#comment-2883 Thank you Presh for an entertaining post during these unnerving times. I haven't and never have tried to time the market but these last couple of weeks have been making me squirm. This market has given new meaning to risk tolerance for me. I would be interested in your take of the role the mass media has played in stirring this pot of economic uncertainty. It seems to me their negative spin has done more harm than good to promote the current lack of trust among lenders. Thank you Presh for an entertaining post during these unnerving times. I haven’t and never have tried to time the market but these last couple of weeks have been making me squirm. This market has given new meaning to risk tolerance for me. I would be interested in your take of the role the mass media has played in stirring this pot of economic uncertainty. It seems to me their negative spin has done more harm than good to promote the current lack of trust among lenders.

]]> By: Presh Talwalkar http://mindyourdecisions.com/blog/2008/10/09/age-old-wisdom-for-dealing-with-the-financial-crisis/comment-page-1/#comment-2880 Presh Talwalkar Fri, 10 Oct 2008 08:51:31 +0000 http://mindyourdecisions.com/blog/?p=759#comment-2880 <b><em>Robert Sofia</b></em>: That's a good one--amazingly I had not heard the play on words of "timing" before... <b><em>Paul</b></em>: Haha--yes, why take the high road if the low road gets you to the end faster? Robert Sofia:
That’s a good one–amazingly I had not heard the play on words of “timing” before…

Paul:
Haha–yes, why take the high road if the low road gets you to the end faster?

]]> By: Paul http://mindyourdecisions.com/blog/2008/10/09/age-old-wisdom-for-dealing-with-the-financial-crisis/comment-page-1/#comment-2874 Paul Thu, 09 Oct 2008 20:14:45 +0000 http://mindyourdecisions.com/blog/?p=759#comment-2874 knowledge leads to more thinking, which leads to slower decisions, more evaluation, and less confidence. Supposedly women prize fast thinking and high confidence in a man above other traits. And if those prize traits are inversely proportional to learning and knowledge, well then ... what good is knowledge? Buy stocks. Sell stocks. Just whatever you do, do it with "confidence", and thumb your nose at any "crisis", which is probably just some conspiracy theory conjured up by the less confident to game the more confident out of their savings and investments. knowledge leads to more thinking, which leads to slower decisions, more evaluation, and less confidence. Supposedly women prize fast thinking and high confidence in a man above other traits. And if those prize traits are inversely proportional to learning and knowledge, well then … what good is knowledge?

Buy stocks. Sell stocks. Just whatever you do, do it with “confidence”, and thumb your nose at any “crisis”, which is probably just some conspiracy theory conjured up by the less confident to game the more confident out of their savings and investments.

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