The Biggest Investor Mistake

For most people, the information in today’s post is probably more important than any other single fact they can learn about investing.  Understanding and following this advice could make a million-dollar difference for a middle-class family thinking about college and retirement. The problem is that the advice is extremely difficult to follow.  Since very few […]

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Heuristics — Edge Comes from the Exceptions

People making decisions under uncertainty in complex situations employ simple rules of thumb or heuristics.  Stock market analysts have taken note of this literature.  Their summaries of it seem to suggest that average investors make mistakes.  What they seem not to realize is that reading the books does not innoculate one from these same human […]

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