May 19, 2012
Typically, investment decisions are not based on facts backed by numbers and evidence. Most of the time, decisions about a particular investment are based on the opinion of others and “good stories”. Because people get their information from CNBC and other few sources, there is very little evidence of independent behavior. 
I love this 1989 cartoon about this interesting phenomena… 

Typically, investment decisions are not based on facts backed by numbers and evidence. Most of the time, decisions about a particular investment are based on the opinion of others and “good stories”. Because people get their information from CNBC and other few sources, there is very little evidence of independent behavior. 

I love this 1989 cartoon about this interesting phenomena… 

May 19, 2012