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Podcast: My Worst Investment Ever Podcast
Episode: ISMS 20: Larry Swedroe – Do You Extrapolate From Small Samples and Trust Your Intuition?
Description: In this episode of Investment Strategy Made Simple (ISMS), Andrew and Larry discuss a chapter of Larry’s book Investment Mistakes Even Smart Investors Make and How to Avoid Them. In this third episode, they talk about mistake number three: Do you believe events are more predictable after the fact than before? And mistake number four: do you extrapolate from small samples and trust your intuition?LEARNING: Know your investment history. Don’t be subjected to confirmation or recency biases. “The key to long-term success is having a deep understanding of history and not being s...