Posted by Sundar on 16th May, 2012 “No problem in judgment and decision making is more prevalent and more potentially catastrophic than overconfidence”–Plous (1993) Psychologists have determined that overconfidence causes people to overestimate one’s actual ability, performance, level of control, chance of success or their knowledge and have excessive certainty regarding the accuracy of their [...]
Read moreFrom January 2011 till now the Nifty is down 27%, and an investor saving for retirement in a SIP has nothing to show but losses. And I am pretty sure some one just started on such a plan would be wondering, “Am I doing the right thing?”. Well let’s explore this, by drawing heavily on [...]
Read morePosted by Sundar, Guest blogger @ MoneyCare Solutions on 07-12-2011. We want to make money. Obviously. Also, we need to make more money than the next-guy. This too is quite obvious. But why? What is driving this behavior? Below is the research from which I draw my observation: MONKEYS TO HUMANS “A lesson emerges from [...]
Read morePosted by Sundar, Guest Blogger @ MoneyCare Solutions on 22nd November 2011. Question: You’ve often said that one of the keys to your success has simply been to avoid making the garden-variety mistakes that you see other people make. Charlie Munger: Warren and I have skills that could easily be taught to other people. One [...]
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