Endlessly Amused By People's Minds.

Individual Investors Predictably Flock To Stocks In Companies That Are In The News.

It's Very Easy For Trusted Companies To Mislead Naive Customers, And Life Insurance Companies Are Trusted.

There's A Tendency To Look At Investments In Isolation. Investors Focus On The Risk Of Individual Securities.

That's One Of The Real Dangers Of Leader Selection In Many Organizations: Leaders Are Selected For Overconfidence.

The Illusion Of Skill Is Not Only An Individual Aberration; It Is Deeply Ingrained In The Culture Of The [investment Management] Industry.