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#23 Rajeev Agrawal on Poor Charlie's Almanack

Investing by the Books

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Is There Any Other Tendent That You Can Bring Up?

Li: I think the privale super reaction is a huge one. You know, you're very close to getting it, and then it's taken away from you. And we see it all the time in the stock markets. Social proof is another example of psychological biases that we have. E authority is another big one. If something is going up means possibly it is a good thing, and therefore more people jump in - vice versa. So i think havin those antidotes to these psychological biases is very, very important. Li: We always try to write our own thesis or reason for why we are doing what we do. One recent example of this was with india croatian

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