I have been a reader and podcast follower for some time now. I have an idea for a podcast topic that will help explain “why we humans are so irrational”.
There are some 15 or so fallacies of logic. The fallacies are used to lead and mislead us. They are common in so-called journalism and most every other facet of media. Yes, we are irrational beings and use our own logical fallacies to create and follow and justify our biases.
Once such fallacy has to do with the correlation of causation to sequence. “B happened after A, therefore B happened because of A”. In latin: “Post hoc; ergo propter hoc”. The concept is better explained here.
Michael would do a great job of finding an academic, a professor of logic, I suppose, who could explain the fallacies and give real insight into how they impact our thoughts, beliefs and actions, even our financial decisions. It would be a fantastic interview and Michael could relate the concept to trading and investing.
Keep up the great work, Michael!