Business
Fear, greed and stupidity. "Only two things are infinite, the universe and human stupidity, and I'm not sure about the former." - Albert Einstein The background info for this show comes from a study done in 1976 by a professor of economic history at the University of California, Berkeley. Carol M. Cipolla published an essay outlining the fundamental laws of a force he perceived as humanity’s greatest existential threat: Stupidity.Stupid people, according to Cipolla, share several identifying traits:they are abundant,they are irrational, and;they cause problems for others without apparent benefit to themselvesNeed to speak to a financial advisor? Visit www.oakmontadvisory.com.[5:12] - Definition of Stupidity[8:30] - The first law of Stupidity[11:39] - Try to take an unbias approach to your investment decisions[13:31] - How peer groups could you lead you [financially] astray[17:07] - Why the stupid person is the most dangerous type of personAfter the Show-Show[24:13] - The After the Show-Show beginsMarkets & Emotions Chart - https://www.forbes.com/sites/robisbitts2/2018/07/31/the-cycle-of-market-emotions-where-are-we-now/#4a910d293cf5Carl Richards, The Behaivor Gap - https://behaviorgap.com/