Michael Mouboussin, Legg Mason’s Chief Investment Strategist, talks with Henry Blodget and Aaron Task on Yahoo TechTicker about his latest book, Think Twice: Harnessing the Power of Counterintuition, which discusses the most common mistakes investors make.
Click play to watch:
Here is the list:
1. Succumbing to tunnel vision.
2. Being overly reliant on experts.
3. Not realizing how much we’re influenced by peer pressure.
4. Viewing each problem as unique.
5. Illusion of understanding.
6. Assuming there’s a definitive answer.
7. Assuming all risks are factored in.
8. Confusing luck versus skill.
“Isn’t it funny when you walk into a investment firm, and you see all of the financial advisors watching CNBC — that gives me the same feeling of confidence I would have if I walked into the Mayo-clinic or Sloan Kettering and all the medical doctors were watching General Hospital…” — -Senior portfolio manager, UBS
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Jeffrey Saut Daily Audio Comment Raymond James
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Jeff Saut’s Daily Audio Comment is recorded every weekday, except Wednesday, at 9 a.m. ET. It is made available to the public on this Web page at approximately 1 p.m. ET.
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