TED: Philip Zimbardo: The demise of guys?

Thanks for Philip Zimbardo raises up the awareness of our social problems. I believe this kind of social problems is globally instead of locally. Greed and fear is the ultimate Mass Destructive Weapon in this world. So, the question is: do we have enough determination and commitment to overcome it and put aside our self-interest?

Value Investing Conference 2008 by Whitney Tilson

Value Investing Conference 2008
Speaker: Whitney Tilson
Duration: 2 hours

In this talk, Whitney Tilson had explained what is value investing and some myths of value investing such as
"Grown is not always good". After that, two main points of value investing are discussed, that are, how to calculate Intrinsic value and what is your margin of safety in value investing.

Value investors always buy good business in good industry with good management.

Laurie Santos: A monkey economy as irrational as ours

It sounds familiar that human being always repeat their mistakes. But is it true?

In this talk, Laurie Santos has presented that the mistakes which human being made are predictable via a clever experiments in "monkeynomics". Through the decision-making of our primate relatives, this experiment reveal the roots of human irrationality.

Let's do the two experiments first,
Experiment 1. Choose a better investment return if you have $1000.
(a) The return is either $1000 or $0 when you have invested $1000 in a fixed period.
(b) The return is guarantee $500 when when you have invested $1000 in a fixed period.