“People want to buy cheap and sell dear; this by itself makes them countertrend. But the notion of cheapness or dearness must be anchored to something. People tend to view the prices they’re used to as normal and prices removed from these levels as aberrant. This perpective leads people to trade counter to an emerging trend on the assumption that prices will eventually return to “normal”. Therein lies the path to disaster.” PeopleWantUsedLyingLevelsViewsPathReturnNormalTradeSellsNotionDearDisasterAssumptionTrendsEmergingCheapness Author:William Eckhardt
“It is the assumption of this book that there is a typical human nature. It is the aim of this book to seek it. Just like a surgeon, a psychiatrist can make all sorts of basic assumptions when a patient lies down upon the couch. He can assume that the patient knows what it means to love, to envy, to trust, to think, to speak, to fear, to smile, to bargain, to covet, to dream, to remember, to sing, to quarrel, to lie. The 'smile' of a baboon is a threat; the smile of a man is a sign of pleasure: it is human nature, the world over.” ThinkingKnowsMenWorldHumansMeanBookDreamRememberLyingSpeakPleasureHuman NatureEvolutionAimAssumingThreatPatientEnvyAssumptionTypicalQuarrelsCouchesPsychiatristBargainsSurgeonsBaboons Author:Matt Ridley
“Fortunately, the mind is restless; when it uncovers a layer of its own deception, gives up an illusion, exposes a lie, it does not stand idle for long before the collapse of its earlier assumptions.” GivingMindLongDoeLyingGiving UpIllusionDeceptionAssumptionCollapseLayersIdleRestless Book:The obsession: reflections on the tyranny of slenderness Source: The obsession: reflections on the tyranny of slenderness
“A weakness of the random-walk model lies in its assumption of instantaneous adjustment, whereas the information impelling a stock market toward its "intrinsic value" gradually becomes disseminated throughout the market place.” LyingValuesWalksInformationModelsWeaknessAssumptionAdjustmentInstantaneousIntrinsic Value Author:Richard Arnold Epstein
“First, you have stereotypes, and that will be the black drug dealer, the east Asian kung fu master, the Middle Eastern terrorist in 'True Lies.' Then you have stuff that takes place on culturally specific terrain, that engages with it, but actually subverts assumptions. 'Smashes' stereotypes. That's where I've come into the game.” FirstsLyingGamesStuffBlackMiddleMastersDrugEastTerroristAssumptionStereotypeEasternAsianDealerTerrainKung FuDrug DealersTrue Lies Author:Riz Ahmed
“It must always be borne in mind that the assumption of woman's social superiority lies at the root of these rules of conduct.” MindLyingSocialWomenRootsMannersAssumptionSuperiority Author:Humphry Davy