Consilient Investor > Latticework
1
| The Principle of Ever-Changing Cycles, Part I Though the authorities are loath to admit it, the markets function very much like a parimutuel system. Commissions, slippage, and research costs represent the house take. Valuations are determined by public sentiment, as expressed by how much the public is willing to bet. |
The Stuff of the Madding Crowd Cognitive biases are practically old hat as a topic of discussion in some circles. Yet few have truly pondered their influence on the crowd...and, by way of extension, the crowd's inevitable influence on how markets work. |
| The Value of Latticework At the end of the day, latticework is more than just a methodology. It is a commitment to absorbing and appreciating the subtleties of this world, for both practical and aesthetic benefit. It is the difference between TV Guide and Shakespeare... ground chuck and filet mignon... "Duke of Earl" and Beethoven's Ninth. |
Punctuated Bubbleibrium Far from being something that can be managed or stamped out, the existence of bubbles may well be intrinsic to man's evolution as a species. Overenthusiasm and crisis management are simply the mechanisms by which we learn. |
| Iterative Refinement Imagine a sketch artist working with charcoal on rough paper. Shapes are blocked out, guidelines lightly penciled, contours filled, guidelines erased, and so on. until finally, once some mysterious midpoint is reached, the image begins to emerge with increasing clarity. |
|
1
If you would like to republish content from this site (with attribution and link), please contact us via editor [at] consilientinvestor.com. Copyright © 2007 Justice Litle and Darkhorse Ventures LLC. Consilient Investor does not provide individual investment counseling, act as an investment advisor, or individually advocate the purchase or sale of any security or investment. The editor, publisher, associates and consultants of Consilient Investor may have substantial positions in securities or industries discussed and may increase or decrease such positions without notice. Readers should not view any materials on this site as offering personalized legal or investment counseling.