Topic: Investor Psychology
2 posts tagged “Investor Psychology”.
"This Time Is Different" — The Four Most Dangerous Words
Every great bubble was justified by a story that the old rules no longer applied. Howard Marks's warning: when you need a brand-new framework to justify a price, the new framework is the risk.
Mr Market Is Irrational — Use It
Markets often sell good businesses for reasons that have nothing to do with the businesses themselves. When the underlying cash flows are intact, that mispricing is an opportunity, not a warning.