Every investor’s worst enemy is themselves. No matter how much time and effort you’ve put into developing an investment strategy, if you don’t have the right psychological approach, your plan means nothing. With this being the case, understanding the psychology behind various investment decisions is critical to controlling your own emotions and enabling you as an investor to take advantage of other investors’ mistakes. One of the most prominent figures in the world of psychology is Nobel laureate, Daniel Kahneman. Kahneman and Prospect Theory Best known for his Prospect Theory; integration of cognitive psychology into economic analysis, Kahneman has spent his…
Daniel Kahneman: Improving Your Investment Process
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk