Investing Against the Odds, and the Facts

Carl Richards nails it again: “Let’s go back to the idea of beating the market. I know of no study that contradicts the truth of the high improbability of doing so. Assume we know this fact and do believe it’s very unlikely we’ll beat the market. Why, then, do so many of us act contrary to what we know and believe? Do we keep betting on individual stocks because we genuinely think we’re the exception? Or do we keep jumping from stock to stock because we like the way it makes us feel?” Read the full article here >>