From wikipedia Cognitive dissonance – In the field of psychology, cognitive dissonance is the mental discomfort (psychological stress) experienced by a person who holds two or more contradictory beliefs, ideas, or values. This discomfort is triggered by a situation in which a person’s belief clashes with new evidence perceived by the person. When confronted with facts that contradict beliefs, ideals, and values, people will try to find a way to resolve the contradiction to reduce their discomfort. Someone stuck these
A popular story told is that inequality is a bad thing and brings social discontent. That’s the wrong way to look at it. Inequality itself isn’t the problem. In fact I’d say it’s necessary for society to progress. Let me explain. When we see our fellow man working hard and reaping the rewards…we think to ourselves. “Damn, what a legend”. Silently, we may envy him, but really, we know that if we’re to be honest he(or she…not being sexist, you
The overarching set of skills that makes someone great, that lets them outperform their peers, perhaps exponentially, are: Do they have a track record? Have they spent time in the trenches? And, do they have emotional intelligence, are they self-aware? There is a prevailing ethos in the mining sector of “bet the jockey”. The idea being that if investors put their money behind great people success will take care of itself. But, how do we identify great people? Answering this
Welcome back, I hope that you are all finding these articles as interesting as we do. This week we will only be discussing three articles as two of them are a little bit lengthy and one is an interview. Here is what we found exciting this week and some thoughts it stirred up. What I Learned from Losing $200 Million This article focuses on an oil trader with a physics Ph. D. and how he managed his models, portfolio, and
Hello RI subscribers, we’re going to be sending out a brief weekly update about what we are seeing in the news. We know you already have enough going on during the week, and don’t want to bog down your brain any more before heading into the weekend. So, we promise to keep it short and sweet with only a few lines of commentary surrounding each piece. Here is what we found exciting this week and some thoughts it stirred up.
While indulging in a most delicious barbecued steak washed down by a lovely South African red a couple weeks ago a friend was telling me about a recent seminar he attended. As a senior executive at a Swiss private bank he regularly attends these things. The topic. “How to invest in a volatile market.” The suggestion: Buy USD, CHF and JPY. The kid (he was in his 20’s) who was delivering this presentation to a room full of bankers proved
“If you’ve won you know how to win… Experience pays well. Look for people that have a track record, and look for people that want to take big swings.” Ivan Bebek is one of the most dynamic and driven entrepreneurs in the mining sector today. He is the Executive Chairman of Auryn Resources and the Co-Chairman of Torq Resources. Previously he built and sold two companies: Cayden Resources and Keegan Resources. In this conversation we discuss: Why a CEO needs
There’s a problem coming though it’s likely not what you’ve been told. In a previous article “The Real Reason For A Refugee Crisis In Europe” we looked at the actions taken by western governments in order to fill the income gap on the Ponzi scheme of entitlements via mass immigration. Careful though before we tread any further. Just discussing this presents us with a highly volatile substance. In an increasingly charged world where stating anything not deemed politically correct, even