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 edge
The Winner’s Curse and Homo Investorus
The world does not operate in accordance with conventional economic or finance theory posited on the notion that people are both rational and selfish.
Danny Kahneman type risk policies for investors
Investor psychology can cause a security to be priced just about anywhere in the short run, regardless of its fundamentals
My investment performance and how I invest my money
It is value investing pure and simple with a concentrated portfolio, but the companies must have really good growth prospects.
Managing yourself
Each post has a list of what Daniel Kahneman, a Nobel Prize winning psychologist, calls risk policies and I call gap-to-edge rules.
An investor’s edge as the competition gets tougher
I would say there’s been a great increase in the number people doing dumb things. And they do big, dumb things.
Fifty years – Beaten the market
It’s amazing that 2% makes such a big difference
A set of rules to develop a behavioral edge – Part 5
Our mind searches for confirming evidence that we are right and shies away from contrary evidence.
A set of rules to develop a behavioral edge – Part 1
Today everyone is fretting about inflation and the potential for a recession. Trying to decide on the outlook for these macro-economic things can be a distraction.
Superior investment performance – what it takes – part 2
As an individual investor I have to recognize that I am unlikely to think of something the brains of Wall Street haven’t thought of, or see things the brains of Wall Street have missed, or have insights they don’t possess.
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