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Posts Tagged ‘beliefs’

Is Wealth Contagious?

May 18th, 2010

pic by photobyalyssa @ Flickr

If you ever been stuck in an elevator with someone who is sneezing and sniffling, you know that colds are contagious.

But, what about attitudes?

You’ve probably played on sports teams or worked in companies that had a collective attitude. An attitude–bad or good–seems to be contagious.

Let’s take this one more step. Is wealth contagious? Can you “catch” wealth from the people you associate with?

It seems it could. There are a few ways that wealth is contagious.

Read more…

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Have you been Fooled by Randomness?

April 9th, 2010

Today I am finishing Fooled by Randomness by Nassim Taleb, and I must tell you it is a pretty interesting book. Although his wandering and complicated style is over my head, he brings up some very interesting issues that are ignored in just about every other book I have read about trading.

It is particularly interesting for us because it explains many of the technical results that we have achieved during the development of Automated Trading systems. Nassim explains why backtesting is a poor approach at best, and downright fraudulent at worst. But this is really a subset of an idea that has been percolating inside my mind, and he has been able to explain it quite well. It is the idea of the religion of science.

What is the religion of science?

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What Does Money Mean to You?

March 23rd, 2010

pic by Muffet @ Flickr

Money is the root of all evil.

It takes money to make money.

A penny saved is a penny earned.

We are living in a material world and I’m a material girl.

These are all common expressions that teach us what money means. Most of us agree what money is, but none of us agree on what money means.

We all have our approach to making and spending money, as well as an opinion on people who make and spend money.

These beliefs affect our personal and our global economy, believe it or not. Obviously they affect your own bottom line, but as these personal beliefs turn into group beliefs, the meaning of money can literally change the world’s markets.

What does money mean to you?

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How Your Beliefs Make Money

March 10th, 2010

shioshvili @ Flickr

This isn’t New Agey hocus-pocus, necessarily.

This is reality.

The things you think about. The things you believe. The things you read and watch. The things that make you confident and the things that make you fearful are the very foundation of wealth generation–on a lot of levels.

The pricing of stocks and other assets reflect beliefs about their value. These beliefs aren’t just the thoughts and opinions of analysts and big-time market movers, they reflect your ideas, too. Now, your personal belief may just represent a fraction of that price, but when merged with the collective sense, you have mass market psychology.

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Internet, Investing, Money, Online Investing AI, US Economy , , , , , , ,

How Your Thoughts Affect Debt

November 17th, 2009
eric731@Flickr

eric731@Flickr

Yesterday, we talked about how your beliefs can attract wealth. Not only do your thoughts influence your investing and saving habits on a personal level, but these beliefs, in a collective sense, can cause macroeconomic changes.

But can your thoughts attract debt?

It seems so. Your spending behavior is directed by your beliefs. Financial psychologists say that, like most mental processes, these beliefs can be complex and often contrarian. Thoughts and beliefs about debt are the most complicated.

You probably think that debt comes from over-confidence, or financial hubris. You’re spending money you don’t have because you’re sure the resources to repay the debt will be there one day… some day. But that may not be the case.

Read more…

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Why is Scarcity so Popular?

June 24th, 2009

After a recent post about abundance, I started thinking. Abundance is so attractive and it is such a powerful way of thinking, but why is scarcity so common? Maybe I’m wrong, but it seems that there are a lot more people who believe in scarcity than believe in abundance. And this is even after The Secret became popular.

scarcity

Why would anyone choose scarcity over abundance?

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Business Strategy, Dreams Come True, Money, Success , , , , , , ,

Is Your Brain a Computer?

December 18th, 2008

How does your brain work? Did you ever stop to think about all the incredible things that it does?

Brain As a Computer

Here’s just a few things your brain does:

  • Controlling Your Body
  • Giving You the Power of Thought
  • Creating the Ability to Learn

The funny thing about the brain is that nobody knows how it works. Yet! Understanding how your brain works is probably the biggest challenge to understanding human existence right now. We can understand how other organs of the body work, how bodily functions work such as digestion and reproduction, and even our evolution.

There is however, one machine created by humans that is similar to the brain.space Although it has certain distinct differences, the computer can be compared to the brain. The human brain is far more powerful, and works a little bit differently.

So that leads us to the question, is there a way we can use the paradigm of the computer to understand our own brain?

But computer users code written in a programming language to get it fixed instructions and tell it exactly what to do. And in a way, our human brains have their own code. The source code for our own brains are ideas. It’s our ideas that get incorporated and develop our entire mind. It’s the integration of all the ideas and beliefs inside our mind that create a code for our brains to run.

All of the above source code gets compiled into a persons actions. If someone’s actions can be determined by all of their beliefs and ideas, then these beliefs are like a program that the brain runs. And as the brain runs this program, the result is a persons actions.

A wise man once said,

Stand Guard at the Door of Your Mind!

Maybe, this is to prevent unwanted source code from entering!

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