Tag Archives: cognitive bias
002 Cognitive Bias: Mental Accounting
Notes from Think Like the Great Investors by Colin Nicholson: New investors are always looking for a guru or a perfect system to tell them what to invest in. This is flawed because no system is perfect all the time … Continue reading
001 Cognitive Bias: Overconfidence
Notes from Think Like the Great Investors by Colin Nicholson: Studies have shown that we are more likely to be confident when we try to estimate something when that thing is difficult to estimate than when it is comparatively easy. … Continue reading
Women are Better Traders Than Men
In Think Like the Great Investors, Colin Nicholson points out that studies have shown women tend to be better traders. Some of the advantages women have include are they: are less confident; take less personal credit for their success; spend … Continue reading