3min chapter

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#15: Peter Atwater: Welcome To The 'Backlash Era'

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Importance of Socio-Anomics in Decision Making

Socio-anomics takes the view that changes in social mood follow wave structures consistent with the Elliot wave system. It sets up a dynamic of recurring cyclicality that we move behaviorally in cycles from extreme lows in confidence to extreme highs in confidence. And then those patterns repeat both on a fractal basis and then on a much larger sort of grand super cycle basis, he says. "It's a universal framework that is applicable, economics, financial markets, politics, social behavior, even cultural behavior"

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