Irrationality
If you study business and people's behavior, the odds are that you won't be fooled…
A business outlook will give you a perspective of how things work, and behavior will teach you how the economy works and markets respond to people's reactions.
Running the world can be a total disaster. Insane… we are not ruled by some emperor, secret society, president, or bank. In part, we are run by propaganda. But, we are run mainly by the randomness of those bold enough to make the blunt.
Human pace… mind-time speed... emotions pace the world, and competitive reactions, like animals protecting their field. However, these random walks of the human race will eventually make higher moves in society and markets.
The things we let happen will be the things that end up controlling us…
Bubbles
To be a great investor, you can earn money by learning how business works or make money through people's foolishness.