Daniel Kahneman: The Illusion of Stock-Picking Skill

Johnny HopkinsDaniel Kahneman1 Comment

For the majority of stock pickers successful investing is thought to be based on some degree of skill. The truth is however that successful stock picking for most amateur and professional investors is due mainly to ‘luck’ not skill. Evidence of this can be found in Daniel Kahneman’s book – Thinking Fast and Slow. Kahneman is a psychologist notable for his … Read More

Is It Better To Buy The Stock And Watch The Price Drop Or Not Act And Watch The Price Soar? – Daniel Kahneman

Johnny HopkinsCharles Munger, Daniel Kahneman, Warren BuffettLeave a Comment

One of the most common predicaments facing investors is that they’ve analysed a stock, it meets with the investors criteria, and now it’s time to pull the trigger and buy the stock. But something happens, the investor ums and ahs and delays the decision to buy. Next thing you know three months later the value of the stock has risen by … Read More

What Should You Do With Under-Performing Stocks That You’ve Held For A Long Time? – Daniel Kahneman

Johnny HopkinsDaniel Kahneman1 Comment

One of the greatest challenges facing all investors is what to do with those under-performing stocks that have been sitting in your portfolio for a long time. Most investors prefer to wait until the under-performing stock gets back to its original purchase price, then they’ll sell it. The problem is if you hang on to those under-performing stocks for too … Read More

‘Noise’ is Costing Wall Street Billions – Daniel Kahneman

Johnny HopkinsDaniel KahnemanLeave a Comment

Daniel Kahneman is a psychologist notable for his work on the psychology of judgement and decision-making, as well as behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences (shared with Vernon L. Smith). In 2015, The Economist listed him as the seventh most influential economist in the world. Kahneman has also written a number of … Read More