Why I Admire Charlie Munger (And His Costco Obsession)
Introduction If you have been following my recent posts, you know that we have spent a lot of time analyzing […]
The Warren Buffett Way (And Why Charlie Munger Changed His Mind)
Discover the real Warren Buffett investment strategy. Learn how Charlie Munger taught him to buy great businesses, stay in his
Why Watching Financial News Destroys Your Wealth (Availability Heuristic)
Discover how Daniel Kahneman’s availability heuristic and financial news media trick your brain into panic selling your stocks at the
Why Last Year’s #1 Mutual Fund Will Lose Your Money (Regression to the Mean)
Stop chasing hot stocks and star fund managers. Learn Daniel Kahneman’s concept of “regression to the mean” and why S&P
Why Your Stock’s Purchase Price is Destroying Your Wealth (The Anchoring Effect)
Stop waiting to “break even.” Learn how Daniel Kahneman’s anchoring effect traps investors and discover the value investing methodology to
Why You Sell Winners and Keep Losers (The Disposition Effect)
Discover how the psychological traps of mental accounting and the disposition effect destroy your portfolio, and learn the exact methodology
Why Wall Street Experts Can’t Beat a Coin Toss
Discover Daniel Kahneman’s “illusion of skill.” Learn why highly paid Wall Street fund managers fail to beat the market and
Why You Need “Sleeping Pills” for Your Stock Portfolio
Discover the psychological trap of myopic loss aversion. Learn why legendary investors suggest taking “sleeping pills,” and see my personal
Why Smart People Lose Money in Stocks (System 1 vs. System 2)
Discover why smart people lose money in the stock market. We explore a real office stock disaster and Daniel Kahneman’s