Chicago Boyz

                 
 
 
 

What Are Chicago Boyz Readers Reading?
 
  •   Problem? Question?
  •   Contact Contributors:
  •   Please send any comments or suggestions about America 3.0 to:

  • CB Twitter Feed
  • Lex's Tweets
  • Jonathan's Tweets
  • Blog Posts (RSS 2.0)
  • Blog Posts (Atom 0.3)
  • Incoming Links
  • Recent Comments

    • Loading...
  • Authors

  • Notable Discussions

  • Recent Posts

  • Blogroll

  • Categories

  • Archives

  • Can Reading Fiction Make You a Better Investor?

    Posted by David Foster on December 16th, 2011 (All posts by )

    In this post from last month, I cited a study which suggests that reading/viewing fiction can help to develop social intelligence and empathy.

    Here’s someone who makes a similar argument about fiction-reading and investing.

    (via Barry Ritholtz)

     

    2 Responses to “Can Reading Fiction Make You a Better Investor?”

    1. Shannon Love Says:

      I shall reframe from making any comments about most financial reports and investment guides being works of fictions.

      Whoops, to late.

    2. David Foster Says:

      Speaking of financial reports, etc….analyst Laura Rittenhouse asserts a measurable connection between the clarity vs obfuscation index of the CEO’s annual shareholder letter and the company’s subsequent performance. (In her 2010 report, Sherwin-Williams came out first on the “clarity” side, with Cisco worst in the other direction.)

      Also, a study cited here suggests that use use of language suggesting “charistmatic vision” in shareholder letters has tended to lead to a higher % of “buy” ratings from analysts…along with excessive earnings forecasts from the analysts.

      It would be interesting to plot the letter on 2 axes, with the “charismatic vision” score being one and the “clarity vs obfuscation” score being the other.