We explore examples of positive and negative unintended consequences, what causes them, and how to navigate a world where unanticipated things happen all of the time. Topics covered include: What leads to unintended consequencesWhat are some unintended consequences of QE and stimulus, price controls, tax incentives, gun legislation, and marijuana legalizationHow positive unintended consequences and order can arise from the bottom upHow recent climate legislation could lead to unintended consequencesWhy customers don't always know what they want For more information on this episode click here. Episode Sponsors LinkedIn – Post your job for free Show Notes Large rent increases squeeze metro Phoenix tenants by Associated Press—The Journal Record Unintended Consequences by Karras Lambert and Christopher J. Coyne The Seen, the Unseen, and the Unrealized: How Regulations Affect Our Everyday Lives by Per L. Bylund Norway reconsiders electric car privileges by Chris Randall—electrive.com More Guns, More Unintended Consequences: The Effects of Right-to-Carry on Criminal Behavior and Policing in Us Cities by John J. Donohue, Samuel Cai, Matthew Bondy, and Philip J. Cook Marijuana Legalization and Fertility by Sarah Papich Japan’s latest alcohol advice: please drink more by Leo Lewis and Kana Inagaki—Financial Times The Poverty of Historicism by Karl Popper How the New Climate Bill Would Reduce Emissions by Nadja Popovich and Brad Plumer—The New York Times Democrats Designed the Climate Law to Be a Game Changer. Here’s How. by Lisa Friedman—The New York Times Economists’ Statement on Carbon Dividends; The Largest Public Statement of Economists in History—Climate Leadership Council Why We Don't Have a Carbon Tax by Paul Krugman—The New York Times Lean Startup and the Business Model: Experimentation Revisited by Teppo Felin, Alfonso Gambardella, Scott Stern, and Todd Zenger Related Episodes 158: How To Invest Like A Cockroach 236: How Investors Cope With Radical Uncertainty See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This episode edits and remasters two earlier episodes on investing based on cycles to focus on timeless investing principles. Topics covered include: What are different types of cyclesWhy do cycles have subjective start and end dates.Why do coincidences happen so often.How to position investment portfolios based on cycles.How luck and skill play a role in investing.Why it is better to invest based on calibrating risk rather than prediction. For more information on this episode click here. Show Notes Weiss Research Weiss Research SEC Action Foundation For The Study of Cycles Fluke: The Math and Myth of Coincidence by Joseph Mazur A Spectral Analysis of World GDP Dynamics – Andrey V. Korotayev and Sergey V. Tsirel Howard Marks – Yet Gain? Mastering The Market Cycle by Howard Marks Related Episodes 173: Should You Invest Based On Cycles 224: Mastering the Market Cycle – Howard Marks See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.