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Real-Money Stock Picks / Messed-Up Expectations Portfolio
|Subject: Re: Bought more||Date: 10/22/2012 6:53 PM|
|Author: blesto||Number: 818 of 1223|
Reminds me of one of the items listed in Morgan Housel's recent article;
15 Biases That Make You a Bad Investor
Out of literally millions, only a handful of investors truly saw the financial crisis coming.
If you disagree with that statement and respond, "No, any idiot could have seen it coming from a mile away," you're suffering from hindsight bias. Only after the fact do all the puzzle pieces make sense. That's why bankruptcies outnumber billionaires.
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