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Why would anybody bother debating let alone arguing with BNP Ralph ?
Commented Jul 18, 2017 on On BBC bias at Stumbling and Mumbling
On BBC bias
Much as I like this piece by Ian Leslie, there’s something I disagree with. It’s this: Almost as a blanket rule, don’t bash the BBC…The BBC is about the only thing standing between post-Brexit Britain and a Trump-style reality-free culture war. He has a point, insofar as a lot of BBC-bashing i...
I remember myself and another hedge fund manager bod who specialised in buying and selling equities day in day out having horrendous long-winded debates with a friend in Investment Banking/Corporate Finance about how CAPM was b.s.
It's surprisingly quite hard getting through to people who want to believe a theory despite your practical observed experience being totally counter to their preconceptions. Cognitive Dissonance is strong when you can 'sell' a M&A transaction to the Board of a FTSE100 and make your bonus for the year in one transaction!
Commented Jul 18, 2017 on Facts, frictions & "mainstream" economics at Stumbling and Mumbling
Facts, frictions & "mainstream" economics
John Rapley’s claim that economics has become a religion has kicked off another debate about the state of economics. For me, there seems to be a presumption here which both sides seem to share but which I don’t – or at least that I don’t care about. It’s that economics is a canon of work which i...
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