32min chapter

The Education of a Value Investor cover image

Daniel Simons and Christopher Chabris on their book, social pressure, manifesting, and chess

The Education of a Value Investor

CHAPTER

Portfolio Mistakes and the Power of Collaboration

This chapter discusses the importance of thinking about portfolio mistakes and the benefits of collaboration in academia. It also examines how heuristics and storytelling can mislead us, and the tendency to double down on beliefs even when faced with contradictory evidence. The chapter concludes by exploring the phenomenon of perpetuating ideas without evidence and the difficulty of making rational decisions in the face of deception.

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