Mauboussin: 8 Common Investor Mistakes

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.

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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.