My last post
got me thinking a bit more about uncertainty and decision making. It reminded me of a podcast I had listened to a while back, on uncertainty, storytelling and hedge fund managers.
It is based on the work of David Tuckett
at University College London.
This is the line that I remembered. In the interview Tuckett said, “Fund managers have too much information but never enough; therefore [they] have to gain conviction for their actions by telling themselves stories.”
Tuckett is an economist turned psychoanalyst who has been studying the emotional underpinning of financial markets.