Human beings tell little white lies all the time. I do. You do (and if you tell me you don’t I swear I can see your nose growing!).
It’s not just others we try to fool. We constantly lie to ourselves — to rationalise our beliefs, our behaviour and the decisions we make.
Most of the time these little fibs are pretty harmless. But when it comes to investing they can be very costly.
I can highly recommend this article by Barry Ritholtz, which lists eight lies investors typically tell themselves. And, in the spirit of honesty, I can tell you now that at least two of them apply to me!
Read the article here:
Pinocchio traders with fantastic returns are lying to themselves
ROBIN POWELL is a freelance journalist and the founding editor of The Evidence-Based Investor. Based in Birmingham, England, he founded Ember Television and Regis Media, and he specialties in helping disruptive financial firms to grow. He also campaigns for a fair, transparent and sustainable investing industry. You can follow him on Twitter at @RobinJPowell.
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Robin is a journalist and campaigner for positive change in global investing. He runs Regis Media, a niche provider of content marketing for financial advice firms with an evidence-based investment philosophy. He also works as a consultant to other disruptive firms in the investing sector.
