Industrial Insight

we think in stories

March 31, 2014
Leave a Comment

Robert Shiller’s Nobel Knowledge

Yale University economics professor and Nobel laureate, Robert Shiller on the art of stock-picking and the complex psychology of investors

By David Wessel

Updated March 26, 2014 11:02 a.m. ET

Psychologists have argued there is a narrative basis for much of the human thought process, that the human mind can store facts around narratives, stories with a beginning and an end that have an emotional resonance. You can still memorize numbers, of course, but you need stories. For example, the financial markets generate tons of numbers—dividends, prices, etc.—but they don’t mean anything to us. We need either a story or a theory, but stories come first. Most people don’t really get around to much in the way of theory.

Posted in Uncategorized

Weekly steel production

March 25, 2014
Leave a Comment

Steel Production is going up forecasting growth for steel foundries this first half of the year.

Posted in Uncategorized

weekly steel production looks flat

March 18, 2014
Leave a Comment

Posted in Uncategorized

Steel production

March 12, 2014
Leave a Comment

Steel production appears to be on a modest upward trend since the beginning of the year.

Posted in Uncategorized

Steel prices through February

March 7, 2014
Leave a Comment

Steel prices rose modestly since early 2013. They fell in February.

Posted in Uncategorized

About author

I'm the executive vice president for a steel casting trade association, the Steel Founders' Society of America. I've got a crazy wife, five crazy children, three crazy people that married into the family, and two crazy fun little grandsons.