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 …

  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 …

  Matthew Winkler There’s been nothing but trouble for much of Africa as the price of oil plummeted 55 percent during the past two and a half years. But there’s a brighter side to the sub-Saharan continent. Unlike Nigeria, where oil accounts for more than 90 percent of exports, or South Africa, which never recovered from the 2008 financial crisis …