![]() ![]() Although the Market is a zero sums game, my main takeaway from this very well written book is exactly the opposite: You can beat the market, because humans make mistakes. As one thinks deeper – avoiding the potential “fast thinking” trap –one might uncover that Kahneman’s claim is a paradox of itself. To some extent, that makes a lot of sense on the surface. In his own humorous way, Kahneman’s starting point is that all humans are constantly making mistakes and when he combines that idea with stock investing, well, what more can you ask for? Kahneman suggests that since human nature is highly illogical, people can’t beat the stock market. PRESTON AND STIG’S GENERAL THOUGHTS ON THINKING FAST AND SLOW If you’re interested to know more about his work, read the book: Thinking, Fast and Slow. As a psychologist who won the Nobel Prize in Economics in 2002, Kahneman’s books have been devoured by millions of people all over the globe. ![]() He has received several accolades for his work and was also listed by The Economist as the 7th most influential economist in the entire world. His findings are profound and challenge the very assumptions made by the human race. He is most respected for his research regarding the cognitive biases of the human mind. Daniel Kahneman, born on March 5, 1934, is an Israeli-American famous physiologist. ![]()
0 Comments
Leave a Reply. |