I
have written tomes about poor investment habits. You can easily look
up the commentaries. My sources of original research and studies are
always available for those who wish to follow up my
suggestions.
The question is whether one is prepared to break bad habits. I realize it takes lots of free will to counter the constant chatter and advice from the next media-cultivated expert who comes along.
Investors also have to counter what is known as “confirmation bias.” Folks avoid getting rid of set beliefs, or are selective in their choice or retention, despite evidence. Confirmation bias can be corrected to a considerable degree by looking at independent research conclusions. (See the Earl J. Weinreb NewsHole® comments.)
The question is whether one is prepared to break bad habits. I realize it takes lots of free will to counter the constant chatter and advice from the next media-cultivated expert who comes along.
Investors also have to counter what is known as “confirmation bias.” Folks avoid getting rid of set beliefs, or are selective in their choice or retention, despite evidence. Confirmation bias can be corrected to a considerable degree by looking at independent research conclusions. (See the Earl J. Weinreb NewsHole® comments.)
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