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Seriously. I read "The intelligent investor" a few years back and it was striking how the original author was using examples from 1921 that read like they happe
by WJW 6y ago
Seriously. I read "The intelligent investor" a few years back and it was striking how the original author was using examples from 1921 that read like they happened last week. For all the innovation in the rest of finance, investor psychology has really not changed that much.
- mrguyorama 6y agoSomeone who honestly believes they can jump into the market and make it rich has to genuinely believe they are smarter than everyone else that came before them. It self selects for "This time it's different"
- xkjkls 6y agoThere's a reason why certain factors still have small biases in the market.