Self-delusion – don’t underestimate its effect on markets
Boris in his bunker is a great example of delusion. Eventually those who do not know themselves get sniffed out. Its happening in markets - speculation is dead. Common sense is back.
Blain's Morning Porridge
Financial Commentary for Smart People
Blain's Morning Porridge
Financial Commentary for Smart People
Tag Self-Delusion
Treasure, Self-Delusion and Groupthink
The increasing use of the word “treasure” to define wealth, money and resources is a fascinating linguistic shift with implications for attitudes to the way money is managed. However, changing words won’t stop the powerful threads of self-delusion and groupthink that so dominate markets today.