Investing in precious metals 101

Tag Archives: decision-making

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    When Short-Term Thinking Slams Into Long-Term Predicaments

    Guess which side trumps the other?
    by Chris Martenson

    Tuesday, January 13, 2015, 12:10 AM

    16

    The tendency to make long-term decisions based on near-term data is simply part of the human condition. We tend to discount the future very heavily in favor of what's close and familiar.

    The problem is that we are facing dozens of linked long-term predicaments which will require us to put off immediate satisfaction in favor of far-reaching considerations.

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  • Blog
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    A Short Lesson in Bad Decision-Making

    Humans are simply bad at assessing risk
    by Adam Taggart

    Friday, January 11, 2013, 9:02 PM

    51

    In business school I had to take an introductory class in statistics that we colloquially called "D&D." The official course name was Data & Decision-making.

    In retrospect, it was a truly valuable class (one of very few I encountered in b-school). If you can figure out how to use statistics to determine the most probable outcome from a set of scenarios, or find predictive correlations from within a sea of data, that's real power. You can take a lot of the guesswork out of decision-making and consequently make the "right" call much more often.

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  • Blog

    It’s Simple: Trust Yourself

    by Chris Martenson

    Thursday, April 23, 2009, 2:08 PM

    0

    Note: The following is a Martenson Report from January that I am now making freely available. For full access to all Martenson Reports, become an enrolled member.

    I was recently asked how it was that I knew to sell my house prior to the bursting of the housing bubble, why I sold out all my stock holdings in favor of gold and silver long before that was an obviously sensible move, and why I am convinced now that the recent actions by the Fed and the Treasury Department are likely to fail.

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