Wall Street has been giving investors whiplash lately, as the big rebound from July evaporated in August. And as we look to close out the year, more volatility is sure to follow. Most financial news channels blame the choppy environment on rising interest rates, rampant inflation or other macroeconomic boogeymen. But that’s just because the media needs to keep you clicking on headlines if they want to get paid! The real reason for recent volatility is much simpler. It’s not really troublesome data points driving the market, but rather troublesome bouts of “first order” thinking. Spend time around toddlers or pets and you’ll see the perils of first order thinking on display.… Read more