The Frontal Cortex

Pretty Pictures

What you need is a distraction from the drip of bad economic news. (Just remember: the stock market is a random walk that, over the long-term, has an upward slope. Besides, investors who do nothing to their stock portfolio – they don’t buy or sell a single stock – outperform the average “active” investor by nearly 10 percent.) So, instead of trying to get your broker on the phone, browse through these exquisite satellite photos, courtesy of NASA:

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via kottke

Comments

  1. #1 Rachael
    July 15, 2008

    Lovely image. You just made me wonder – as I am sitting 10″ underneath a battered copy of Howard Berg’s “Random Walks in Biology” text – whether anyone has analyzed the stock market with multidimensional diffusion tensor or finite element analysis. (Now say that ten times fast.) I’m sure someone’s done it.

  2. #2 Dan
    July 15, 2008

    Thanks for the photo!
    And you brought back memories of my finance undergrad and our bible, “A Random Walk Down Wall Street” by Malkiel. I was told then to imagine the market as a man with a yo-yo walking up a hill with the advice that investors should focus on the steady rise of the hill, not the daily ups and downs of the yo-yo.

  3. #3 Glenn
    July 18, 2008

    Jonah, its interesting you refer to the Random Walk of markets (based on the Efficient Market HYPOTHESIS), financial bubbles, and Sir Popper all within a few posts. Not easy to reconcile my friend. Science is best left to scientists and finance to alchemists.