In this installment of The Nightcrawler, Eric Markowitz discusses Barry Ritholtz's new book, 'How Not to Invest', which focuses on behavioral finance. Ritholtz highlights common investment pitfalls such as overconfidence and hindsight bias, advocating for the need to embrace humility in decision-making. The book emphasizes that effective investing is about long-term choices and learning from failures rather than seeking immediate success. It's noted that the book’s lessons apply to both investing and broader life decisions, underscoring the complexity of making sound judgments over time.
Better to look stupid and learn than pretend and lose money.
This book is about decision-making, judgment, and behavior. We want to teach you to make good decisions over time.
Collection
[
|
...
]