Everyone has a list, and well, I have quite a few including the ten mental errors of investing that few can afford to make. We all make mistakes showing great insight at times, but at other points may lapse into ‘less than bright’. Today’s topic includes a few of the ‘less than bright’.
Forecasting errors often begin with an over confidence in our own abilities, experiences, and what we qualify as knowledge. And of all the mental errors, overconfidence is perhaps the most deadly. We are just sure we can pick a bottom, catch a falling knife, or just know that Company ABC is the next great winner.
© 2014 by James Spruell All rights reserved