“To know whether you can trust a particular intuitive judgment, there are two questions you should ask: Is the environment in which the judgment is made sufficiently regular to enable predictions from the available evidence? The answer is yes for diagnosticians, no for stock pickers. Do the professionals have an adequate opportunity to learn the cues and the regularities? The answer here depends on the professionals' experience and on the quality and speed with which they discover their mistakes.”
Quote by Daniel Kahneman
Author
You May Also Like
Source: Contrarian Investment Strategies in the Next Generation
Source: Contrarian Investment Strategies in the Next Generation
Source: Contrarian Investment Strategies in the Next Generation
Source: Security Analysis: The Classic 1934 Edition
“The only way to test a hypothesis is to look for all the information that disagrees with it.”
