"The sad reality of human nature is that we want what we want and we’ll follow almost anyone who will tell us that s/he can provide what we want with certainty. Hope and the reassurance that undergirds it matters more to us that reality. Every rational person acknowledges that they make and have made many errors, yet nobody offers current examples. We all want to think that our mistakes are in the past, that we’ve learned from them and that now we’ve set things right. We desperately want to believe that our new approach, new strategy or new portfolio will – finally – be the magic elixir that will make us very good, if not great investors (or at least that we can find those great investors). The alternative investment marketing machine holds out that promise and we are often all too happy to play along."
https://rpseawright.wordpress.com/2015/03/19/follow-the-money/If you're exhausted from a week of useless TV and reading MSM crapola, about how the FMOC pixies were gonna dance on the head of a pin,
then that serves you right then Robert Seawright has written a thoughtful essay, containing some good links, that may serve as your weekend antidote/palliative. [yes, he overuses the proverbial "we" and, yes, it can get rather annoying]
Rest up, MFOers. Someday, this market voodoo will end, and we'll need our full powers... and then some.
