EWI

Review:  While we at Biiwii.com are not e-wavers, we most certainly are interested in human, and by extension, market psychology.  In particular, we are interested in the herding instinct that is deeply embedded in the brains of many animals, including humans.  In our experience, it has proven absolutely vital to get a handle on this dynamic as it applies to contrarian investing and market analysis.

The documentary History's Hidden Engine comes the closest that we have seen to articulating our own philosophy in this area.  In fact, in April of 2005 we penned an article entitled Contrary Indications which contained the following quote:  "It is not natural to be constantly on the other side of the accepted mass viewpoint. It takes work, as human instinct is to herd. In the herd there is comfort, reinforcement and belonging. Success in the financial markets demands that you take uncomfortable positions at those times when the public mindset claims that you are most wrong. It's a crazy business at which many people are simply not wired to succeed."

History's Hidden Engine is recommended because obviously we agree with its premise on market psychology, but there is much more valuable content here including Elliott Wave analysis, a look at "fractals" and market history as it relates to social trends.  --Biiwii.com

Socionomics and other books available here.