tag:blogger.com,1999:blog-1527840491496268397.post7279920794684184499..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: Cognitive Defect Responsible For Optimism IdentifiedUnknownnoreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1527840491496268397.post-10982680246179659332012-04-17T10:30:23.136-07:002012-04-17T10:30:23.136-07:00Oh, so the optimist who had SP500 funds in 2008 we...Oh, so the optimist who had SP500 funds in 2008 were crazy to hold them untill now when they are even or up slightly? <br /><br />As opposed to the pessimist who stayed out or worse, shorted stocks in the face of a near 100% retracement of the losses. HHMMMMM.whydibuyhttps://www.blogger.com/profile/10101676402335591169noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-6219413429302868782012-04-17T05:00:17.863-07:002012-04-17T05:00:17.863-07:00Am I a pessimist for seeing some validity in the D...Am I a pessimist for seeing some validity in the <a href="http://en.m.wikipedia.org/wiki/Doomsday_Clock" rel="nofollow">Doomsday Clock</a>? Or am I a realist?<br /><br />As you say, all I really know for sure is that I am not an optimist.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-13734621366933422262012-04-17T04:47:17.802-07:002012-04-17T04:47:17.802-07:00CP,
"Yeah, but pessimism seems less irration...CP,<br /><br />"Yeah, but pessimism seems less irrational."<br /><br />Perhaps it is because rational people can prove that the existing world is not the best of all possible worlds. High debt and high unemployment are certainly not found in paradise, lol.<br /><br />It is more difficult to prove that the existing world is not the worst of all possible worlds though without first proving that humans are done thinking up new ways to destroy each other on a grand scale.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-15145724262082786552012-04-17T02:14:24.268-07:002012-04-17T02:14:24.268-07:00Hi, Nice post! Would you please consider adding a ...Hi, Nice post! Would you please consider adding a link to my website on your page. Please email me back. <br /> <br />Thanks!<br /><br />Harry<br />harry.roger10@gmail.comRHhttps://www.blogger.com/profile/03266836864567938421noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-340197728688934462012-04-16T22:13:11.961-07:002012-04-16T22:13:11.961-07:00Yeah, but pessimism seems less irrational.
Plus,...Yeah, but pessimism seems less irrational. <br /><br />Plus, we are talking about optimism vs. non-optimism; not pessimism.<br /><br />The optimists literally fail to consider unpleasant scenarios.CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-64145016159940043172012-04-16T22:00:56.423-07:002012-04-16T22:00:56.423-07:00One wonders if there is a similar cognitive defect...One wonders if there is a similar cognitive defect for hyperinflationists. It's always just a few months away! ;)<br /><br />By definition, neither optimism nor pessimism are rational.<br /><br /><a href="http://dictionary.reference.com/browse/optimism" rel="nofollow">Optimism</a><br /><br /><i>4. the doctrine that the existing world is the best of all possible worlds.</i><br /><br />That's just messed up.<br /><br /><a href="http://dictionary.reference.com/browse/pessimism?s=t" rel="nofollow">Pessimism</a><br /><br /><i>2. the doctrine that the existing world is the worst of all possible worlds, or that all things naturally tend to evil.</i><br /><br />So's that!Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.com