The Motley Fool Discussion Boards

Previous Page

Real-Money Stock Picks / Messed-Up Expectations Portfolio

URL:  http://boards.fool.com/reminds-me-of-one-of-the-items-listed-in-morgan-30334558.aspx

Subject:  Re: Bought more Date:  10/22/2012  6:53 PM
Author:  blesto Number:  818 of 1074

Reminds me of one of the items listed in Morgan Housel's recent article;

15 Biases That Make You a Bad Investor
http://www.fool.com/investing/general/2012/10/18/15-biases-t...

Hindsight bias
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.



Foolishly yours,
blesto
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us