Beyond Greed and Fear: Understanding Be... A source page for quotes linked to Hersh Shefrin. 0 quotes
“Reality looks much more obvious in hindsight than in foresight. People who experience hindsight bias misapply current hindsight to past foresight. They perceive events that occurred to have been more predictable before the fact than was actually the case.” PeopleLooksHas BeensFactsRealityPastCasesEventsCurrentsObviousPerceiveBiasPredictableForesightHindsight Book:Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing Source: Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing
“Having a financial adviser enables the investor to carry a psychological call option. If the investment decision turns out well, the investor takes the credit, and if it turns out badly, the regret can be lowered by blaming the adviser.” IfsWellsTurnsDecisionRegretBlameInvestmentFinancialCreditPsychologicalInvestorsAdviser Author:Hersh Shefrin
