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Unlearn Your Stockbroker

There is already a 50% percent your stockbroker is below average. That's just the nature of statistical distribution. After one accounts for fees and expenses, it is even more difficult for your broker to consistently beat the market and thus earn you more money than you might otherwise make for yourself by investing in a low-fee [...]

Unlearning 101: Lesson #18 — Unlearn Your Preferences

Daniel Ariely’s excellent 16-minute presentation at TED:

Unlearning Bubbles

The Internet, the real estate market, fuel cell technology, nanotechnology and, now, "clean tech" have all experienced an investing "bubble." In retrospect, it is easy to point to signs that the market was inflating to dangerous levels. It is even easier to suggest that such bubbles are a bad thing — precisely because so many [...]