Scatter shot estimates of fair value
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
investment psychology
Cut your losses is confused advice
Your baggage is what you already own, and it gets in the way of excellence.
Risk when markets are down
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
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.
Moderate risk tolerance
One way to be adept at avoiding failure is to avoid attempting anything you might fail at
Experience and becoming a really successful investor
You can continue to learn and improve your investing skills year after year.
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
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