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In Short, We Are Doomed to Repeat History

by | May 4, 2009 | Investment

This is an interesting post, titled “In Short, We Are Doomed” and I would add, “To Repeat the Mistakes of the Past.” V. Anantha Nageswaran writes that, “to succeed in investing, investors need less of these and more of analytical and problem-solving skills. In other words, reflection is more important than reflexes. But it is our reflexes that both come to our rescue when we are in danger in normal circumstances and push us into danger and follies when it comes to investing. Normal people are not only overconfident, but also overconfident of their ability to overcome overconfidence.”

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