In his book – Common Stocks and Uncommon Profits and Other Writings, Phil Fisher discusses the psychological challenge of handling investment mistakes, emphasizing the role of ego. Investors often struggle to admit mistakes, preferring to hold onto losing stocks until they “break even” rather than accepting a small loss. This … Read More
Why More Choices Make You Worse at Deciding
During their recent episode, Taylor, Carlisle, and Jim O’Shaughnessy discussed Why More Choices Make You Worse at Deciding. Here’s an excerpt from the episode: Jim: [laughs] But also, there is that science. We learned this early on with my first company, O’Shaughnessy Capital Management, that we used to have brochures, … Read More