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— Seth Klarman"Ratings agencies are highly conflicted, unimaginative dupes. They are blissfully unaware of adverse selection and moral hazard. Investors should never trust them."
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Speaking as a phenomenologist, it seems to me that a considerable portion of mind wandering actually is "mental avoidance behaviour", an attempt to cope with adverse internal stimuli or to protect oneself from a deeper processing of information that threatens self-esteem.
— Thomas Metzinger
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At the individual level, if we can identify the psychological mechanisms linking adverse environments to psychosis (and there has been a lot of progress with this despite minimal funding) we should be able to devise more effective interventions for those who are already ill.
— Richard Bentall
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