The Folklore of Finance

State Street has an independent think tank called the Center for Applied Research (CAR). Their research is well worth following. Recently they have written an outstanding paper called “The Folklore of Finance”. The report discusses how the traditional beliefs, biases and human behaviours are sabotaging our industry. There are some excellent conclusions and tangible action points that are very much in line with Salomon Partners’ industry views. It is a very good read.


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