via Simoleon Sense
An interesting video with Michael Mauboussin on the subject of his bestselling book, Think Twice. I highly recommend reading the book.
Excerpt (via yahoo)
In an world where "everyone"; thinks they're a contrarian investor, the implications are profound: There are very few truly independent thinkers on Wall Street.
Michael Mauboussin defines 8 Common Mistakes Investors Make (Via Yahoo)
- Succumbing to tunnel vision.
- Being overly reliant on experts.
- Not realizing how much we're influenced by peer pressure.
- Viewing each problem as unique.
- Illusion of understanding.
- Assuming there's a definitive answer.
- Assuming all risks are factored in.
- Confusing luck versus skill.
Click Here or play button below to view video:
Copyright (c) Simoleon Sense
