Why investors lie

Was glancing through few blogs and found interesting to share why investors lie to themselves written by Barry Ritholtz imagesin his Sunday column.

From the Big chill of 1983

Michael: I don’t know anyone who could get through the day without two or three juicy rationalizations. They’re more important than sex.

Sam: Ah, come on. Nothing’s more important than sex.

Michael: Oh yeah? Ever gone a week without a rationalization?

Self-deception is especially costly when it comes to investing. So let’s consider some of the lies that a lot of you may be telling yourselves and the impact they may have on your portfolios. Continue reading “Why investors lie”