“The ability to focus attention on important things is a defining characteristic of intelligence.” InspirationalImportantAbilityAttentionFocusImportant ThingsIntelligenceCharacteristicsDefining Book:Irrational Exuberance Source: Irrational Exuberance
“Economists who adhere to rational-expectations models of the world will never admit it, but a lot of what happens in markets is driven by pure stupidity - or, rather, inattention, misinformation about fundamentals, and an exaggerated focus on currently circulating stories.” WorldStoriesHappensFocusPureModelsExpectationsEconomicsFundamentalsStupidityDrivenRationalFinanceConspiracyEconomistExaggeratedAdmittingMisinformationInattention Author:Robert J. Shiller
