A group with a high anchor were prepared to pay three times as much for the same wine as a group with a low anchor
Your baggage is what you already own, and it gets in the way of excellence.
Here were financial people who could seriously consider that stocks are less safe because they have declined in price than they were after they had advanced in price
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.
One way to be adept at avoiding failure is to avoid attempting anything you might fail at
You can continue to learn and improve your investing skills year after year.
“If you’ve been in the [poker] game 30 minutes and you don’t know who the patsy is, you’re the patsy.”
And she says, “I can see you don’t understand arithmetic.” He says, “I can see you don’t understand sheep.”
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
The house of fear has many windows