ALICE SCHROEDER

People give disproportionate weight to the first piece of information they encounter when making decisions. If you're negotiating the price of a used car, and the seller asks for a high price initially, you might end up paying more than you should because the high anchor influenced your perceptio...

To me, an ineffi cient market is one that is marked by at least one of the following characteristics: 

• Market prices are often wrong. Because access to information 

and the analysis thereof are highly imperfe...

®The investor with a portfolio of sound stocks should expect their prices to fluctuate and should neither be concerned by sizeble advances.

®Stock of a company with a lot of surplus cash and nothing ahead of the common is clearly a better purchase (at the same price) than an other one with ...