My friends at Real Clear Markets, who have been indispensible aggregators of financial and market commentary for years, are now offering original content too. The new blog is called Off the Street. I am honored to be featured there today. I hope you will read it and visit the site often. It offers a lot of very good work. Here’s a snippet of my piece.
Easy knowledge is the idea that it is easy to produce inductive chains that lead to overstated conclusions when they are predicated upon unsupported assumptions. Since we so rarely evaluate our underlying assumptions – supported or otherwise – the risk is enormous. In our fast-paced, media-saturated world where now trumps right, easy knowledge is both rampant and alluring.