MONEY: 12 Cognitive Biases That Endanger Investors

Tuesday, March 19, 2013

Good thing I have a team. Otherwise, I’d be sitting, guarding my “pirate’s chest” of gold coins. I don’t know what bias being a Gold Bug is, but I have it bad. The thieves in DC are robbing us poor folk blind. And, what’s worse, folks are clueless. Argh!

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12 Cognitive Biases That Endanger Investors: “

Before Todd Harrison created Minyanville, he was an options trader at Morgan Stanley, eventually becoming President of Cramer Berkowitz, where he toiled as head trader at Jim Cramer’s hedge fund.

Todd has an excellent analysis of the various biases that endanger investors.

Here is the full list:

1. Confirmation Bias
2. In-Group Bias
3. Gambler’s Fallacy
4. Post-Purchase Rationalization
5. Neglecting Probability
6. Observational Selection Bias
7. Status-Quo Bias
8. Negativity Bias
9. Bandwagon Effect
10. Projection Bias
11. The Current Moment Bias
12. Anchoring Effect

Check out his explanation and descriptions here.

 

 

Source:
12 Cognitive Biases That Endanger Investors
Todd Harrison
Minyanville January 17, 2013
http://www.minyanville.com/special-features/random-thoughts/articles/12-Cognitive-Biases-that-Endanger-Investors/1/17/2013/id/47441

(Via The Big Picture.)

 

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RANT: The Press is BHO44′s bitch

Monday, February 18, 2013

THe President gets away from the Press for a golf weekend.

Other than Tiger, what fat cats were with him?

Enquiring minds what to know. What deals were struck? What promises were exchanged?

Where are the yellow dog journalists that like Woodward and Bernstein drive on the truth no matter what the cost?

Oh year, Nixon was an R and Obama is a D!

Argh!

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http://www.theblaze.com/stories/2013/02/19/obama-is-a-master-at-limiting-shaping-and-manipulating-media-coverage-the-10-most-scathing-remarks-from-politicos-anti-obama-media-column/

More complaints about “transparency”!

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And WMAL radio reported this morning that the “pool reporters had an off-the-record meeting with the President”. The point was who authorized them to agree to “off-the-record”?

My question is WHY was the Press precluded from its normal coverage (as with past Presidents)?

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