Saturday links: relentless stupidity

• abnormalreturns
• December 31st, 2011

The weekend is a great time to catch up on some of the reading you skipped during the week.  We hope you enjoy this set of long-form links.

Investing

timarr, “Financial forecasting is simply testimony to the relentless stupidity of human beings, who seem to be endlessly gullible. Without this gullibility the majority of the securities industry would collapse, because there’s virtually no evidence of any skill in forecasting from anyone. “  (The Psy-Fi Blog)

An interesting interview with Vitaliy Katsenelson.  (Advisor Perspectives)

The truth about hedge fund risk.  (All About Alpha)

Finance

On the parallels between automation in airplanes and financial markets.  (Macroeconomic Resilience)

Not every graduate that goes into investment banking, stays in investment banking.  (The Epicurean Dealmaker)

Economics

Mainstream economics is under attack.  (Economist)

The world of paying for parking.  (LA Magazine via Marginal Revolution)

Science

Research into why our bodies so desperately want to put back on lost weight.  (NYTimes)

Applying various strategies to the buffet.  (New Scientist)

Do bees experience emotions?  (Scientific American)

Personal growth

Why you need to smile more.  (peHUB)

Scott Adams’ year of “living dangerously.”  (WSJ)

Three ways to create a more fulfilling, meaningful life.  (Umair Haque)

Entertainment

A profile of rocker/actor/writer Carrie Brownstein.  (New Yorker)

A depressing story of corporate intrigue starring Mike Ovitz.  (Vanity Fair)

Books

An excerpt from William D. Cohan’s Money and Power: How Goldman Sachs Came to Rule the World.  (Big Picture)

Excerpts from Geoffrey Kabaservice’s Rule and Ruin: The Downfall of Moderation and the Destruction of the Republican Party.  (Bloomberg, part 2)

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