“There is general agreement among researchers that nearly all stock pickers, whether they know it or not-and few of them do-are playing a game of chance.”
Quote by Daniel Kahneman
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Thinking, Fast and Slow
This book delves into the intricacies of human cognition, examining how we make decisions and perceive the world. It contrasts two systems of thought: System 1, which operates automatically and quickly, with little or no effort, and System 2, which allocates attention to effortful mental activities, including complex computations. The author, Daniel Kahneman, a renowned psychologist, provides insights into biases, heuristics, and the role of chance in decision-making. more
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Source: Thinking, Fast and Slow
Source: Thinking, Fast and Slow
Source: Thinking, Fast and Slow
“Active management is little more than a gigantic con game.”
“Forsake search for needles that are so very small in haystacks that are so very large.”
