Big delusions

Personal finance

Don’t let the stock market distract you

Investing

On Inflation How inflation drives asset prices and how to predict inflation

Commodities and gold have the highest inflation beta in regressions on monthly data as shown above  – and appear to be the only two assets whose real returns in periods of rising inflation were higher than over the full period. Conversely, 10Y treasuries have the most negative inflation beta. For investors looking to introduce assets to their portfolio that will do well when inflation is rising – and putting pressure on the stocks and bonds that make up most investors’ portfolios – gold and commodities seem to offer the most promise.

Markets

The Best Way to Rob a Bank

Big Market Delusion: Electric Vehicles

The Bank of Japan Is Sitting on a Pile of Profit but Isn’t Sharing the Wealth

The central bank now owns about 7% of all the shares traded on Tokyo Stock Exchange’s first section

Research

Inexperienced Investors and Bubbles

Brain stuff

The Usefulness of Our Delusions

Could self-​deception ever lead to good outcomes? Again, the moment I asked this question, I began to see plenty of examples. I realized that one reason people cling to false beliefs is because self-​deception can sometimes be functional—it enables us to accomplish useful social, psychological, or biological goals. Holding false beliefs is not always the mark of idiocy, pathology, or villainy.

Visuals

Oddities

11 of the Greatest Scams of All Time, Curated by “Scam Goddess” Laci Mosley

Tweets

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