Psychology

Investments - Analytical firepower can not save those who don't attend to this

Aug
15

"The biggest investing errors come not from factors that are informational or analytical, but from those that are psychological."

- Howard Marks Oaktree Capital

Posted By mark read more
Author: 
Robert Cialdini

One of the major points about behavioral biases is that they are shortcuts that humans make to deal with certain situations.  Shortcuts can either work for or against the person using them.

Because our world is so complex and to think in depth about each move we make would be overly burdensome, we develop shortcuts to easily deal with certain situations and events.

Subscribe to RSS - Psychology

Copyright 2017 Mark T. McLaren