Monday, April 04, 2011

Mind Over Money

I just got sucked into watching a very thought-provoking (and slightly disturbing) documentary. It 's a look at the psychology of money & how it relates to financial markets.

PBS Nova:

Watch the full episode. See more NOVA.

Basically, we will NEVER fully understand models of economic activity until we completely understand the human mind!

Therefore.... we can all probably look forward to more irrational behavior leading to booms, financial bubbles, and recessions for years to come.

I don't find any joy in dealing with numbers... & the whole stock market scene dealing with 'the markets' does not interest me at all. It all seems a little crazy, actually.

Restless minds, never satisfied, continually driven by intense emotional situations...
The swarms of hungry ghosts on the trading floor are like the opposite of Buddhist monks training their mind during a zazen session.

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