Bear Territory

After every football victory, the California Golden Bears declare that the ground on which they stand is Bear Territory. “You know it! What? You tell the story! What? You tell the whole damn world this is Bear Territory!” Watch this particularly lively rendition after a win in The Big Game over Stanford (starting about 1:20 in; my youngest is at the top of the screen and was number 46 for Cal).

Lots of experts and alleged experts in recent days have been declaring that we’re in a different sort of “bear territory” as the market has gotten off to perhaps its worst start to a year ever. Continue reading

Advertisements

We Always Know Less Than We Think

Barry Ritholtz has another fine “Philosophy Phriday” piece up today on the value of not knowing. His emphasis is on recognizing what you don’t (and perhaps can’t) know so as to minimize error.  He’s right of course.  This idea reminds me of the following classic commercial.

Continue reading