In books like Moneyball and The Big Short, Michael Lewis has written about people who think in a completely different way from their colleagues. For his latest, The Undoing Project, Lewis profiles the patron saints of different thinking, Israeli psychologists Daniel Kahneman and Amos Tversky. The two men completely upended the study of decision-making in the early 1950s.
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First, the MoneyBeat camp breaks down what the surging dollar means to the global economy and markets around the world. Then, a look at why planned festivities for Dow 20000 are modest compared to when it reached 10000 for the first time in 1999.