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Rational Thinking and Investing
Humans often arent rational. We are animals, and we evolved to mate and to survive, not to compute. Although our intuitive decision-making process served us well in prehistoric times, in modern times we need to think more deliberately in order to avoid our biases. In the first part of Rational Thinking and Investing, hedge fund manager Jaret Wilson examines the science of behavioral economics to show how and why we think irrationally, and how we can do better with a more scientific process. The second part of the book applies the lessons learned to the practice of investing in the stock market. Concise and eye-opening, Read more