Our brains, while unrivalled in sophistication, are still woefully ill-suited for the task of long-term investing. We are simultaneously the most evolved species on the planet and wholly unprepared for the demands of modern life. – Noreen Beaman, The Behavioural Investor
The information age certainly has the potential to improve our understanding. But new evidence suggests that access to information may work better in theory than in practice. People think they will rationally assess all available information before forming conclusions, but then, with so much information at their disposal, they actually form conclusions nearly right away. – Ed O’Brien, HBR.