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17min chapter
Are Investors Rational? Lessons From the Late Daniel Kahneman
Many Happy Returns
Challenging Beliefs and Investing Pitfalls
The chapter explores cognitive dissonance and the challenge of confronting opposing beliefs, particularly in investing. It discusses common cognitive pitfalls in investment decisions, such as attributing success to skill and overlooking the impact of fees. The narrative also touches on Kahneman's background, academic influences, and insights into improving decision-making amidst noise and biases.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode