Saturday, October 23, 2010

Behavioural Economics in Song - Nick Cave

"Oh My Lord" by Nick Cave and The Bad Seeds is going in the vaults. A classic in general (live youtube version here) it contains the following, which might simply refer to life containing unknown risks but I also think basically means we are overconfident and unaware, and blinded by temporary success.
"The ladders of life we scale merrily move mysteriously around. So that when you think you're climbing up, man, in fact you're climbing down"
Having lived through a bubble, where we were ploughing headlong into a bloated finance and construction industry and using our new found financial windfall to accumulate large scale debt, the lyric rings very true.

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