Market (In)Efficiency and beating the market
Behavioral inefficiencies are likely the most enduring because human nature has not changed much over time and is unlikely to change much in the future.
Behavioral inefficiencies are likely the most enduring because human nature has not changed much over time and is unlikely to change much in the future.
Buffett is right for an actively managed portfolio and Greenblatt is right for a passive portfolio
It is value investing pure and simple with a concentrated portfolio, but the companies must have really good growth prospects.
Each post has a list of what Daniel Kahneman, a Nobel Prize winning psychologist, calls risk policies and I call gap-to-edge rules.
He will risk half his fortune in the stock market with less reflection than he devoted to the selection of a medium-price automobile
It’s amazing that 2% makes such a big difference
One way to be adept at avoiding failure is to avoid attempting anything you might fail at
Beating the market can be dangerous psychologically
Today’s FAAMGNs, that is today’s ‘vital few’, will not be the ‘vital few’ 20 years from now
No investment decision should ever be motivated by trying to beat the market. The moment this impulse creeps in, the investor is liable to risk seeking behavior.
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