STA Blog

Moving back in time: While looking at life through a different prism

An obituary written by Martin Sandbu for the Weekend FT (30-31 March 2024) set me reminiscing – and wondering how things might have been. It took me back to autumn 1975 when I applied to study Social Psychology as an undergraduate at British Universities. In those days I think there were less than 10 (mainly red brick) colleges teaching the subject, and I chose the London School of Economics. This was well before I converted to a full time technical analysts in my first City job.

Daniel Kaheman

The School’s most famous son, Mick Jagger of the Rolling Stones was it’s big celebrity, but there were also a great many graduates who had studied economics and who then went on to be chancellors, ministers, prime ministers and presidents of a great many emerging market countries. In other words, economics ruled the world. As Martin so nicely put it: ‘’Economics is a notoriously imperialist discipline: economists are more prone to colonising other scholarly fields than to be colonised by them.’’

This was especially so in the case on Daniel Kahneman (1934-2024), a Nobel Prize winning Social Psychologist who, together with Amos Tversky, wrote ground breaking papers on the psychology of decision making. Their research into systematic biases, use of evidence (and lack of it) in difficult situations and previous experiences were then incorporated by economist Richard Thaler and hey! Behavioural Economics was born.

Currently all the rage among policymakers as well as rock solid economists, I prefer what Kahneman had to say: ‘’I went home more certain than ever that my mother was right: people were endlessly complicated and interesting’’.

Do read his book: Thinking Fast and Slow.

Posted in Education, Finance, Markets, STA charts, STA education, STA news, Technical Analysis, Technical Analysis Courses
Tags: , ,

The views and opinions expressed on the STA’s blog do not necessarily represent those of the Society of Technical Analysts (the “STA”), or of any officer, director or member of the STA. The STA makes no representations as to the accuracy, completeness, or reliability of any information on the blog or found by following any link on blog, and none of the STA, STA Administrative Services or any current or past executive board members are liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. None of the information on the STA’s blog constitutes investment advice.

Not ready to join? Stay Updated

If you want to learn more about membership and being part of the STA, sign up for our updates so we can keep in touch.


Monthly Meetings

The STA holds 11 monthly meetings in the City of London, including a summer and Christmas party where canapés and refreshments are served.


Latest Videos

As a service to our members, many of whom are unable to attend all our monthly meetings, we have been making videos of meeting presentations for several years.


STA Libraries

The STA has an extensive library of classic technical analysis texts. There are over 1000 books in the collection. It is held at the Barbican Library with a smaller...


Market Technician

Latest research and news

More Info

World Class Tutors

STA Course Lecturers

More Info


Be part of something special

More Info


View latest posts

More Info