, Columnist
Investors Fool Themselves Into Seeing a Trump Rally
The markets are reaching records for reasons that have little or nothing to do with the president.
This actually won't help.
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The internal model of the world generated by the human brain helps us to navigate through three-dimensional space, understand complex ideas and adapt to the world around us.
It also is a self-fabricated fiction, but it allows most of us to get through each day without any sort of existential crisis. This is critical for investors to keep in mind because our internal thought processes are so filled with potential for bias and error that unless we are vigilant, we are easily fooled by our own narratives.