Here we have sayings and stories from or about Confucius, or sometimes just about his students. It was clearly not written by Confucius or during his lifetime.
Posted on September 4, by philosophicalecon gmail. Investors are caught up in fears of another style financial crisis, this time arising out of schisms in the Eurozone.
Maybe I should get in. The year comes and goes. Profit margins stay elevated, so I keep waiting. Thenthenthen —each year I wait, and each year I end up disappointed: During the total period of my waiting, the stock market more than doubles in value, trouncing the returns of my cash-heavy portfolio and leaving me with an ugly record of underperformance.
I got something wrong here. Where did my analysis go wrong? What did I fail to see? I had a thesis: Reality told me that this thesis might be wrong inwhen the prediction failed to come true. Then it told me again in Then it told me again inand again inand again inand again in Was all of this repetition really necessary?
Could I have been more receptive of the message the first time it was presented? The primary mistake that I made in the above scenario was not the mistake of having incorrect prior beliefs about the likely future direction of corporate profit margins—from the perspective of what I knew inthose beliefs were reasonable beliefs to have.
Rather, my primary mistake was my failure to properly update those prior beliefs in response to the steady stream of disconfirmation that kept coming in.
The updating process should have moved me to a different stance sooner, which would have allowed me to participate in a greater share of the returns that the market went on to produce. The Importance of Updating in Investing: Analogy From a Coin-Flipping Game To better appreciate the importance of updating in investing, we can explore the following investing analogy, expressed in the terms of a coin-flipping game.
Suppose that you and a small group of other people are about to compete with each other in a coin-flipping game.Dynamic programming is both a mathematical optimization method and a computer programming method.
The method was developed by Richard Bellman in the s and has found applications in numerous fields, from aerospace engineering to ashio-midori.com both contexts it refers to simplifying a complicated problem by breaking it down into simpler sub-problems in a recursive manner.
Wordle is a toy for generating “word clouds” from text that you provide.
The clouds give greater prominence to words that appear more frequently in the source text. Children love to complete word searches! In this fun and engaging resource, students read 10 sentences and decide which word in each sentence is the common noun, action verb, adjective, or adverb.
Technology terms vocabulary, Technology terms word list - a free resource used in over 40, schools to enhance vocabulary mastery & written/verbal skills with Latin & Greek roots. Kelly O'Dwyer's considered response on Q&A to questions about the rich v poor divide neatly illustrates what this election, in economic terms, is really all about, writes Michael Bradley.
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