Thursday, December 17, 2015

Bad Investment Habits

                   
I have written tomes about poor investment habits. You can look up the commentaries. My sources of original research and studies are always available.
                       
The question is whether an investor 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. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

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