Your Author's Mistake: Rushing to a Conclusion
The ongoing danger of confirmation bias.
Ready to Believe
The Financial Times alerted me to a German study demonstrating that "smokers--a group of people who lack self-discipline--earn lower returns than nonsmokers."
When I read that note, I nodded fervently. As Jason Zweig summarizes, many researchers have concluded that Vulcans are better investors than Andorians. (The latter being a touchy breed.) The very model of a major investment general, Warren Buffett, is famous for remaining calm while the investment markets seethe. His demeanor permits him to succeed, while this guy fails. Every seasoned investor appreciates the value of patience.
John Rekenthaler does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.