December 28, 2010

quote of the moment

"numerous studies of investor behavior (the field is called behavioral
finance) show that once an investor has a position in a stock, there are
tremendous biases to seek confirming information, ignore disconfirming
[sic] information, and not admit a mistake."

-- T2 partners white sheet

{describing, very clearly, personal bias; and very specifically the
problem i have with people who bury themselves in politics.}