In and around Orange County, California and the World
Posted in Books, Business, Observations on May 28th, 2008
If you’ve gotten irrationally exuberant over the prospects of starting up your own business, here’s your cold shower. Scott Shane goes through some of the popular conceptions of startups busting myths and setting out the more sobering reality supported by data. To cut to the chase, government intervention to help startups is not [...]
Posted in Books, Investments on May 27th, 2008
This book, by New Yorker writer James Surowiecki counters popular notions of “the madness of crowds” with convincing arguments for why groups often come with more accurate predictions than experts. The basic theory is that the biases of individuals, if they act independently, cancel themselves out. When individuals in a group don’t act [...]
Posted in Books, Investments on Apr 24th, 2008
Is is always interesting to read investment books published years ago and figure out how someone would have done following the strategies post publication. History acquits Jim Rogers well; in the book he is bullish on oil in the mid $40s per barrel; it is trading over $100 now.Rogers is an astute student of [...]