The blueprint for a just society.

Potter Stewart an Associate Justice in the US Supreme Court while ruling on an obscenity case once wrote, ‘pornography is hard to define, but "I know it when I see it”. The same logic applies to the concept of complexity. It is a very difficult concept to define and yet we know intuitively that complexity is greatest in systems where a large number of mutually interacting components are arranged in some intricate, difficult to understand pattern.

This is what we found interesting from the current issue of the “The Economist” (March 6th - March 12th 2010).

Simple, Pain – Avoiding Psychological Denial

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The shift in ideologies.

Contrast-Misreaction Tendency

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Influence-from-Mere Association Tendency

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Seeing truth in what someone else says.

Not many people have heard of Justin Mamis. And that is a pity because besides being a very prolific writer, having written some classic books on the stock market, he is also a very astute observer of markets and market men. As I thought about re-introducing this weekly column on the US markets, I recalled a passage from one of Mamis’ book. In the book “How to Buy”, he writes in the foreword:

This is what we found interesting from the current issue of the “The Economist” (February 27th - March 5th 2010).