🚨OUT NOW🚨
Have We All Gone Mad? Why #groupthink is rising and how to stop it
Understand why some of us have abandoned reason in favour of trite memes, intolerance and hatred.
@BitebackPub
https://t.co/kYdM2Apc4R
"This is no longer a rational discussion. This is a tribal issue. And values are our new tribal makers."
Dr. @Jerome_Booth explains the psychology behind the current climate change controversy and the new Green religion which has sprung up around us.
Of the various forms of collective irrationality, #groupthink is particularly dangerous.
@Jerome_Booth investigates why some of us have abandoned reason in favour of trite memes, intolerance and hatred.
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Ryad Yousuf of GS is arguing for land reform in Ukraine. His argument for property rights which are secure and can thus be used to borrow against echoes the argument of Hernando de Soto. Property rights can create, instantly, capital, and so economic prosperity. #UkrFinForum18
Macroeconomics continues to be crucial for effective asset allocation. Yet as we cannot see the future and as finance theory, through over-focus on extrapolation of past patterns, is relatively blind to structural shifts, we also need scenario planning.
Macroeconomics continues to be crucial for effective asset allocation. Yet as we cannot see the future and as finance theory, through over-focus on extrapolation of past patterns, is relatively blind to structural shifts, we also need scenario planning.
Listening to Prof Keyu Jin at the Ukrainian Financial Forum on how US economic antagonism is boosting the shift from the export-led to a consumer-led model of growth. It reminds me that Latin America industrialised in the 1940s when cut off from global trade and investment.
Listening to Prof Keyu Jin at the Ukrainian Financial Forum on how US economic antagonism is boosting the shift from the export-led to a consumer-led model of growth. It reminds me that Latin America industrialised in the 1940s when cut off from global trade and investment.
I’m in Odessa at the Ukraine Financial Forum, looking forward to discussion on Ukraine’s political and economic situation, details on less liquid investment opportunities, and the wider context of misunderstanding and misrepresentation of risk in Emerging Markets.
Bubble markets in the US and the Dollar, plus serious risk in Italy and the Eurozone mean investors should stop treating EM as a derrivative of US interest rates. They should supplement simplistic risk models with scenario planning.
Uncertainty in financial markets is not new, but given the degree of global connectedness, the amount of fear and groupthink has created dangerous investor concentrations.
I am looking forward to speaking at the Ukrainian Financial Forum Sept 19-21 in Odessa.#ukFinForum18. My topic will be: "How to Make Sense of a Mad World: From GroupThink and Fear ... to a New Appreciation of Emerging Markets"