Friday, July 19, 2013

Great lessons from 25IQ (and Daniel Kahneman) | 25iq

 Great stuff! 

Great stuff!  A Dozen Things I’ve Learned About Investing from Daniel Kahneman | 25iq:

 A Dozen Things I’ve Learned About Investing from Daniel Kahneman

1. “Many individual investors lose consistently by trading, an achievement that a dart-throwing chimp could not match.” Leonard the Wonder Monkey will beat a muppet in an investing contest. Not only will muppets lose to a dart throwing monkey, they will do worse than chance would dictate, especially after fees because of certain behavioral biases.
Read the whole list:  here.

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