Sun Tzu: The Art of War

This is fascinating:   The Art of War is the most influential treatise on war ever written, consisting of 13 chapters each of which is devoted to one aspect of warfare, it has shaped the way in which conflicts have been fought for thousands of years from the Japanese samurai to the Napoleonic war. Not… Read More The post Sun Tzu: The Art of War appeared first on The Big Picture.

Your Models Made You Do It

Investors Fool Themselves Into Seeing a Trump Rally The markets are reaching records for reasons that have little or nothing to do with the president. Bloomberg, July 24, 2017       The internal model of the world generated by the human brain helps us to navigate through three-dimensional space, understand complex ideas and adapt… Read More The post Your Models Made You Do It appeared first on The Big Picture.

Trump Rally Fail

How much wrong can you spot in this CNN Money graphic? (Answer after the jump):   Source: CNN Money     Answer: Start with “Denominator Blindness” — the tendency to see one number without any proportionality or context. -Measuring markets in points not percentages is a classic error -Lack of context: How does this compare… Read More The post Trump Rally Fail appeared first on The Big Picture.

Trump Rally Fail

How much wrong can you spot in this CNN Money graphic? (Answer after the jump):   Source: CNN Money     Answer: Start with “Denominator Blindness” — the tendency to see one number without any proportionality or context. -Measuring markets in points not percentages is a classic error -Lack of context: How does this compare… Read More The post Trump Rally Fail appeared first on The Big Picture.

10 Monday AM Reads

My back to work morning train reads: • Scaramucci is Long on Trump (New York Mag) see also Trump and his new communications head are perfect for each other (Slate) • Investors, Stop Worrying About Why ‘Nobody’ Is Worrying (MoneyBeat) • How Cyberwarfare Makes Cold Wars Hotter: In the war taking place across the global internet, everyone is a combatant—and a target (Wall… Read More The post 10 Monday AM Reads appeared first on The Big Picture.

10 Monday AM Reads

My back to work morning train reads: • Scaramucci is Long on Trump (New York Mag) see also Trump and his new communications head are perfect for each other (Slate) • Investors, Stop Worrying About Why ‘Nobody’ Is Worrying (MoneyBeat) • How Cyberwarfare Makes Cold Wars Hotter: In the war taking place across the global internet, everyone is a combatant—and a target (Wall… Read More The post 10 Monday AM Reads appeared first on The Big Picture.

How will households react to the real income squeeze?

How will households react to the real income squeeze? Philip Bunn and Jeremy Rowe Bank Underground, 19 July 2017           Rising inflation is eroding the spending power of UK households’ incomes.  How will they react to that?  The answer will make a big difference to the economic outlook.  Will they dip into… Read More The post How will households react to the real income squeeze? appeared first on The Big Picture.