If rats or pigeons knew what the Nasdaq is, they might be better investors than most humans are.
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Behavioral finance is not the study of how “other” people behave. It is the study of how we all behave. It is not just a window onto the world; it is also a mirror onto ourselves.
History is a poor predictor of what will happen around us in the future. But it is a superb guide to figuring out how we need to test our own weaknesses.
Beware of highly confident forecasters in an increasingly unpredictable world.
How come, when you invest, whatever can go wrong will?
What makes Berkshire Hathaway’s annual meeting such a mecca for investors?