Emotions have no place in Investing
Emotions can play tricks on our minds, making us believe what we want to and leading us to ignore what is reality. Therefore emotions need to be avoided while investing.
Emotions can play tricks on our minds, making us believe what we want to and leading us to ignore what is reality. Therefore emotions need to be avoided while investing.
We tend to over weigh what we know and under weigh what we don’t. This can be dangerous.
A superstore analogy of how Charlie Munger and Ben Graham approach investing.