The joy of contrarian investing
The moral courage to act ‘in opposition to the crowd’ when your judgement tells you are right
Part 2: Human Foibles and Investment Decision Making
Your investment style may be stuck in a bad grove in a changing world
It’s not that the contrary views aren’t there. We just ignore them.
Does Wisdom of Crowds apply to earnings estimates, price targets, value estimates and stock prices?
The behavioral tail can wag the statistical dog
Investors overreact to vivid memories and recent events
The good news is that we can do something. Kahneman describes risk policies as decision rules that are always applied in similar situations.
The worst behavioral bias – jumping to conclusions
The good news is that we can do something. Kahneman describes risk policies as decision rules that are always applied in similar situations.
Overcoming mistaken short term thinking with Kahneman style risk policies
Reduce or eliminate the pain of the occasional loss by the thought that the policy that left you exposed to it will almost certainly be financially advantageous over the long run
Explainer – herd mentality and poor investment results
People are rationally (?) choosing not to, as they see it, waste their time and effort in exercising their judgment about the market
Investment psychology explainer for Mr. Market – introduction
In truth, Mr. Market’s emotional problems are the least part of it. What he really suffers from is behavioral biases and a propensity to make cognitive errors.
Keeping your head in times of turmoil
Doing what everybody else is doing at the moment, and therefore what you have an almost irresistible urge to do, is often the wrong thing to do at all
The psychology of probability
Probabilities are at the heart of investing. We look at examples of our human frailties in assessing probabilities.