FYI: .Investors—including those who are legendary—make mistakes caused by behavioral follies. Even being aware of biases does not counter their effects.
.Data on the performance of individual stocks and mutual fund managers show how hard it is to pick a winner. Even long-term winners incur significant drops.
.Expecting the future to look like the past, overconfidence, thinking success in one area translates to success in another and not appreciating the importance of humility are among the 10 common mistakes investors make.
Regards,
Ted
https://www.aaii.com/journal/article/learning-from-the-mistakes-made-by-legendary-investors
