Recent Posts

Defuse Venezuela’s economic time bomb

  It is nothing short of a miracle that the members of Venezuela’s government and the opposition carried out a dialogue. Such a meeting would have been unimaginable two months back. The Vatican — which brokered the talks — needs to be lauded for making the impossible happen in a very conducive environment. Despite criticism from some quarters, the meeting ...

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Silicon Valley’s annoying secessionist fever dream

  Many of the California tech industry’s leaders are unhappy with the outcome of the U.S. presidential election. This being Silicon Valley, they’ve come up with an innovative response: Secede from the union. It’s one idea I hope they won’t bring to fruition. California supported Hillary Clinton more than any other state, yet the election was called before its votes ...

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Everyone knew that Trump would win all along

  The issue of hindsight bias and fooling ourselves about what we think knew a priori haunts investors constantly. We are reminded of this by those who claim they saw the financial meltdown coming. Despite the lack of proof, they remain convinced they knew what was about to happen all along. These folks are fooling themselves. Due to several cognitive ...

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