[quote,finance] Human beings as investors

[piggymouse]

Indeed, many classic investor errors – overtrading, groupthink, panic selling, marrying positions (i.e., refusing to sell), chasing stocks, rationalizing, freezing up – are mostly due to our genetic makeup. Humans have evolved to survive in a harsh, competitive landscape. To do well in the capital markets, on the other hand, requires a skill set that is very often the antithesis of those innate survival instincts.

Via Brad DeLong.

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Comments

[mager.livejournal.com]

He said one word to me and that was "crap"