Are you a stock picker? May I ask why? What makes you think that you can outsmart full-day traders and the professionals? What is your edge over them?  You might no longer have an edge in calculating ratios or analysing…

Continue reading

You and I, we are both just average

Bias: Illusory Superiority

“Whoa, wait a minute,” I can hear you protesting, “Dude, what are you saying?  No way!  That might apply to you, but definitely not to me.  I am special!” Face it, my friend, you’re nothing special, because the mediocrity principle simply states so. The universe…

Continue reading