In Investing as in Politics, It's Wise to Stay Focused on the Evidence

In saying this, I am not trying point fingers at anyone and I’m certainly not knocking Mr. Twain.

Humans are hardwired to anchor on repetition and comments from prominent members of the community, and Nobel prizes have been won for research on what is called the Halo Effect and Availability Bias.

Our behavioral tendencies are very helpful when it comes to things like children following the advice of their parents and, as an example, not touching a hot stove when they are told repeatedly it will hurt.

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