The May American Economic Review explains how six investment puzzles can be explained if investors allow themselves a limited degree of wishful thinking:
About as relevant to real investing as psychoanalysis is to psychiatry.
Except for people who make their living by writing papers, and use terms like "ceteris paribus", who else pays attention to reducing the volatility of investments rather than increasing their returns? Ordinary stupity won't do -- it takes an Ivy League education to be that dumb.
About as relevant to real investing as psychoanalysis is to psychiatry.
Except for people who make their living by writing papers, and use terms like "ceteris paribus", who else pays attention to reducing the volatility of investments rather than increasing their returns? Ordinary stupity won't do -- it takes an Ivy League education to be that dumb.
skewed right or left?