And here’s the write-up and the link that I would like to go beneath the title: I once read a quote from a Nobel Prize winning economist (I believe it was Eugene Fama) that I found extremely confusing. He said, “Don’t base the intelligence of an investment decision on its outcome.” Several years later, I now understand. This story explains it.
Click below to read the rest of my AssetBuilder article.
Investors: Don’t Stuff Logic in The Trunk of Your Car
You get behind the wheel of your car, put on your seatbelt and start the engine. You look for oncoming traffic before accelerating onto the street. In most cases, logic determines your decisions. It rides in the seat beside you. It suggests when to accelerate, brake or turn. When you’re distracted, …
