Money and Finance
- Howard Marks On The Biggest Investing Errors
From The Most Important Thing:The desire for more, the fear of missing out, the tendency to compare against others, the influence of the crowd and the dream of the sure thing— these factors are near universal. Thus they have a profound collective impact...
- Wsj Book Review: "the Believing Brain"
Thanks to Daniel for passing this along. Superstitions arise as the result of the spurious identification of patterns. Even pigeons are superstitious. In an experiment where food is delivered randomly, pigeons will note what they were doing when the pellet...
- Cognitive Biases - A Visual Study Guide By The Royal Society Of Account Planning
Found via The Big Picture. Link to: Cognitive Biases - A Visual Study Guide by the Royal Society of Account Planning- ...
- What Makes Warren Buffett Successful?
Mr. Buffett has explained it by acknowledging that he is “wired” in such a way that makes him very adept at capital allocation. This might be a disconcerting notion to some as it implies that you either have it or you don’t.- But what is “it”...
- 10 Non-investing Quotes With Great Investing Lessons
As much as I enjoy reading investing books, some of the most valuable investing lessons I've learned have come from non-investing sources. Here are a few that I've written down over the years. What has been will be again, what has been done will...
Money and Finance
The 12 cognitive biases that prevent you from being rational
The human brain is capable of 10^16 processes per second, which makes it far more powerful than any computer currently in existence. But that doesn't mean our brains don't have major limitations. The lowly calculator can do math thousands of times better than we can, and our memories are often less than useless — plus, we're subject to cognitive biases, those annoying glitches in our thinking that cause us to make questionable decisions and reach erroneous conclusions. Here are a dozen of the most common and pernicious cognitive biases that you need to know about.
- Howard Marks On The Biggest Investing Errors
From The Most Important Thing:The desire for more, the fear of missing out, the tendency to compare against others, the influence of the crowd and the dream of the sure thing— these factors are near universal. Thus they have a profound collective impact...
- Wsj Book Review: "the Believing Brain"
Thanks to Daniel for passing this along. Superstitions arise as the result of the spurious identification of patterns. Even pigeons are superstitious. In an experiment where food is delivered randomly, pigeons will note what they were doing when the pellet...
- Cognitive Biases - A Visual Study Guide By The Royal Society Of Account Planning
Found via The Big Picture. Link to: Cognitive Biases - A Visual Study Guide by the Royal Society of Account Planning- ...
- What Makes Warren Buffett Successful?
Mr. Buffett has explained it by acknowledging that he is “wired” in such a way that makes him very adept at capital allocation. This might be a disconcerting notion to some as it implies that you either have it or you don’t.- But what is “it”...
- 10 Non-investing Quotes With Great Investing Lessons
As much as I enjoy reading investing books, some of the most valuable investing lessons I've learned have come from non-investing sources. Here are a few that I've written down over the years. What has been will be again, what has been done will...