No-one really wants to be known as ‘Poodles’
ANALYSIS: Exploring one of the behavioural biases that creates opportunity for value investors.
Selling low does not help you beat the market.
I’m guessing most readers have heard about behavioural biases that can create mispricing in in the sharemarket.
Academics Daniel Kahneman and Amos Tversky arguably pioneered this topic when they published a paper in 1974 called ‘Judgement Under Uncertainty: Heuristics and Biases’. They looked
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