Charlie Munger: Great Investors Remain Rational, Objective, and Dispassionate

Johnny HopkinsCharles Munger, Investing PsychologyLeave a Comment

Here’s some great Charlie Munger quotes from the book Charlie Munger: The Complete Investor, by Tren Griffin. Munger is highlighting the importance of investors remaining rational, objective, and dispassionate: Rationality is not just something you do so that you can make more money; it’s a binding principle. Rationality is a … Read More

Daniel Kahneman: Investors Should Consider A “Regret Proof” Policy To Overcome Loss-Aversion

Johnny HopkinsDaniel Kahneman, Investing PsychologyLeave a Comment

Here’s a great article from Morningstar in which Daniel Kahneman provides financial advisors with advice on how to better steer clients towards their investment goals using a “regret proof” policy. The policy could also be adapted by individual investors in managing their own portfolios. Here’s an excerpt from that article: Finding … Read More