Another bias is the overconfidence effect, where investors believe they have more control over the market than they do. This can lead to excessive risk-taking and poor investment decisions.
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This Book by Benjamin Graham is a classic investment guide that provides timeless wisdom on value investing. It emphasizes the importance of a long-term approach to investing, patience, and discipline. The book teaches readers how to make smart investment decisions based on fundamental analysis and how to protect against the impact of inflation. It also provides practical advice on portfolio management, diversification, and risk management. The book discusses different investment strategies, including the defensive and enterprising investor approaches.
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Similar ideas to Overconfidence Bias
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Lovers of risk, anxious investors trade frequently and believe they have the edge over others. Many have absolutely no idea what their returns actually were and only remember their good decisions.
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This bias makes people less accountable fo...
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