Investors might be their own worst enemies by being overconfident, posits an article in Morningstar. A 2006 study by James Montier found that out of 300 money managers, 74% considered…
Tag: Overconfidence bias
Emotions and Biases Play Huge Role in Bad Investment Decisions
In a recent New York Times article, columnist Gary Belsky observes that “the majority of cognitive biases and shortcuts that influence everyday judgement and choice have analogues in investment behavior.”…