It doesn’t matter what high profile investors are buying or selling
“If you’ve been in the [poker] game 30 minutes and you don’t know who the patsy is, you’re the patsy.”
availability heuristic
Thinking for ourselves
Heuristic – This alternative to careful reasoning may cause us to answer the question of what is the fair value of a stock by asking the question, what is the ‘market value’?
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.
You must be logged in to post a comment.