In 2010 I learned that …
Josh Brown, writer of The Reformed Broker, asked a few dozen financial bloggers and commentators to send him their quotations starting with “In 2010 I learned that …”. Some of the pieces are below.
Prieur du Plessis (Investment Postcards): an open mind, common sense and a solid dose of one’s own research, as opposed to conventional wisdom, are the key ingredients for nailing the markets.
Justin Paterno (StockTwits): my Friday night routine of slapping on yoga pants and watching movies on my computer was stimulating the economy all along.
Jared Woodard (Condor Options): you may not care about the macroeconomy, but the macroeconomy cares about you.
Paul Kedrosky (Bloomberg): some people will pay a stupidly high price – both in portfolio and in reputation – so that they can one day say, “I told you so”.
Michelle Leder (footnoted): selling your company and having a baby (in close proximity to one another) is something that only a truly crazy person would attempt to do.
Stacy-Marie Ishmael (FT Tilt): Truthiness applies to finance just as much as it does to politics.
Barry Ritholtz (The Big Picture): despite all of the talk about Democratization of investing, Wall Street primarily serves only the very wealthiest Americans. And that is a shame.
The Fly (Outer Space): it pays to go bankrupt.
Mike Konczal (Rorty Bomb): my friend JW Mason is correct: in order to understand value judgments (great news, disaster, opportunity, worry) made by economists and financial journalists, you need to add “for bondholders” for it to make sense.
The Weakonomist (Weakonomics): markets are only as efficient as the engineers that programmed them
Cardiff Garcia (FT Alphaville): your blunders are easier to forgive if you’re not an asshole, your triumphs easier to ignore if you are.
Noah Rosenblatt (UrbanDigs): nothing is really secret anymore.
Leigh Drogen (SurfView Capital): “social leverage” is definitely not just a Howard Lindzon catch phrase.
Eli Radke (Trader Habits): I should never bet against the resilience of those in finance, sequels are never better than the original and Tony Robbins is an idiot.
Joe Donahue (Upside Trader): Larry Summers was really a mannequin.
Kid Dynamite (Kid Dynamite’s World): It’s a momentum world and we’re all just living in it.
Click here for the full list.
Source: The Reformed Broker, December 31, 2010.
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