Research on human investment behavior indicates how personal psychology has lots to do with the way securities markets operate.
I have mentioned in the past my studies and evaluations of over 1,600 investment strategies, and their pros and cons. In addition, I have always said there is no one that I have found to be better than any other. What makes for investment success is strict discipline of strategy use. Psychology controls discipline.
Furthermore, discipline can be mastered, with proper personalized control over those psychological hazards.
I would suggest investors look at the work done by Kahneman and Tversky on investing behavior. It will provide a glimpse of how investors think, often to their disadvantage..(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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