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Every body thinks they are an Investing Smarty Pants. And a better plan to deal with it
By Investment Moats  •  February 15, 2014
Every body thinks they are an Investing Smarty Pants. And a better plan to deal with it r6YSLl2 Morgan Housel at Fool have a good piece on people trying to be contrarian. It’s a good piece in that if you prowl the investment chat rooms or Facebook groups enough, everyone seem to have an idea. 50% perhaps will be long. 50% will think otherwise. Who do you listen to?
"I felt the need to use restraint," Shiller said in Dan Gardner’s book, Future Babble. "The consensus in the group was that there was no bubble and no need to raise interest rates. To suggest otherwise was distinctly uncomfortable. I [made my point] very gently, and felt vulnerable expressing such quirky views." Shiller summed up the experience perfectly: "Deviating too far from consensus leaves one feeling potentially ostracized from the group, with the risk that one may be terminated."
Robert Shiller was on the advisory board to the Federal Reserve much during 1999-2004 when, if he has ......
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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