Our beliefs could be our blinders
I had a couple of meetings with a group of people, who got interested in trading in equities. They reached out to see if they could leverage some of our research ideas. During the conversations I asked about the profitability of their trading operations. They believed that they were doing very well. When they sent their […]
Investing – Skill vs Luck
Imagine that you receive an email saying “Follow our system that guarantees to help you swim like Michael Phelps or run like Usain Bolt”. Most of us would have a hearty laugh and delete that email. Now imagine you receive an email that says “Follow our system that guarantees to help you invest like Warren […]
Watching business news channels is not investment research
I had some interesting conversations with a few people who considered watching business news channels and reading financial newspapers sufficient research for making investment decisions. It’s very comforting to watch business new channels as some “expert” is confidently presenting a recommendation on a stock and sometimes even giving an intelligent sounding justification for the recommendation. […]