Eight ways you can get more enjoyment from the same activity

February 7, 2021

A. FOCUS 1. Attention: focus on every detail of the experience much more intently than normal. Ex: with each bite, notice as much as you can about the flavor and texture Ex: try to hear every distinct instrument in the music as it comes in and fades out 2. Savoring: try to extend and enhance enjoyable moments by using "metacognition" - become aware of how much you're enjoying the thing and how great you feel it is, even as you're experiencing it. Ex: rem...

Can you tell when you’re in the middle of a financial bubble?

December 8, 2017

Valuation bubbles seem obvious after they collapse or have a big correction (in fact, they often seem insane in retrospect), but is it possible to tell when you're inside one? If it is obvious to most investors that there is a bubble, presumably, that bubble would be likely to burst quickly. So, we shouldn't expect it to be particularly obvious from the inside of a bubble that one is currently happening. That being said, here are some signs that I think tend to be predictive of bubbles (t...