naked capitalism Tue 2009-12-29 09:03 EST
Guest Post: Investor Psychology ... Fear Turns People Into Sheep
Investors are basically rational, right? In fact, as many studies have demonstrated, the answer is no...Rather than search rationally for information that either confirms or disconfirms a particular belief, people actually seek out information that confirms what they already believe. For the most part people completely ignore contrary information...
Fear Turns People; Guest Post; Investor psychology; naked capitalism; sheep.