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Practical wisdom is what's called for in situations that have a moral dimension to them. ”
Living in your genome is the history of our species. ”
TV producers want ratings and are willing to do nearly anything to get them. They gin up artificial conflicts and create an urgency for even the most minor of economic data points. ”
You, your employer and your plan's investment managers fail to follow even the most basic rules of investing. You overtrade, chase performance, do not think long term. All of you - All Of You - have done a horrible job managing your retirement plans. ”
We must recognize our own behavioral errors. To be blunt, you are not likely to become a cognitive Zen master anytime soon. But a little enlightenment could keep you from making some common investing errors. ”
If your investing approach requires that you become Nostradamus to succeed, then you are destined to fail. ”
Whenever you hear a discussion about the short-term swings in any given stock's price, your immediate thought should be whether it matters to why you are investing. ”
Truth be told, most financial television bores me. Two or more people discussing the latest economic trends or hot stocks is not especially entertaining. ”
One thing I detest most about the financial press is the lack of accountability. All sorts of nonsense is said without penalty. ”
When it comes to investing, you are your own worst enemy. ”