Sunday, October 19, 2008

Post 424 : Financial turmoil and some sensible advice

What should you do amidst financial turmoil?

"Put wax in your ears. People are more afraid of flying than driving because the press does not report car accidents. I never watch the news. Only listen to news you get in a social setting, the things people talk about. Our brains cannot deal with the overload of information. Having a lot of data is not good for anyone trying to make a decision."

- Nassim Taleb, author of "Fooled by Randomness" and "Black Swan" 

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