Behavioral Errors Hurt Your Returns
Daniel Kahneman is a senior scholar at Princeton University’s Woodrow Wilson School of Public and International Affairs and the 2002 winner of the Nobel Memorial Prize in Economic Sciences. His book “Thinking, Fast and Slow” (Farrar, Straus and Giroux) was published last fall. I spoke with him recently about the impact of behavioral errors on investment performance.
—Charles Rotblut, CFA
Charles Rotblut (CR): You opined as we sat down that individual investors should use index funds instead of picking their own stocks. Could you explain why?
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