For Love of Narrative

What's Your Stock Market Story? - Bloomberg View: "For a brief moment, we understand how little we really understand. The grim reality of human cognition is that however little we know, we understand even less. Hence, the accidental revelation in the headline is more noteworthy for how extraordinary it is. Markets move up and down for no apparent reason. We have spilled plenty of ink and generated billions of pixels explaining why people want and need reasons to explain these movements. The human love of narrative is a dangerous cognitive failing that constantly leads investors astray." (read more at link above)

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