Experience and becoming a really successful investor
You can continue to learn and improve your investing skills year after year.
investment psychology
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.”
The stock market as a complex adaptive system
And she says, “I can see you don’t understand arithmetic.” He says, “I can see you don’t understand sheep.”
Most investors suffer from home bias
If you search worldwide, you will find more bargains and better bargains than by studying only one nation. Also, you gain the safety of diversification
Fear and investing
The house of fear has many windows
The secret to keeping things in perspective
Shielding themselves from the pain of losses by Broad Framing
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’?
The danger of specious correlation
It is mathematically inevitable that highly intelligent women will marry husbands who on average will be less intelligent than they are.
The danger of specious statistics
Small samples, sample period and survivorship bias, as weaknesses in statistics, exemplify a problem in our ordinary reasoning.
My take on simplicity in investing
A fancy spreadsheet will give precise numbers but can also give you a false sense of accuracy.
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