Image Credit: Jean-Baptiste Greuze, “Boy with a Broken Egg” (ca. 1756), Albertina (Wikimedia Commons)
By Jason Zweig | June 8, 2018 11:08 am ET
A new book, Big Mistakes: The Best Investors and Their Worst Investments, by Michael Batnick, director of research at Ritholtz Wealth Management in New York, is the latest proof of that. It’s also a reminder that making mistakes with your money is normal, human and hard to avoid.…
To read the rest of the column:
The Wall Street Journal, https://blogs.wsj.com/moneybeat/2018/06/08/everyone-makes-investing-mistakes-even-warren-buffett/
For further reading:
Books:
Michael Batnick, Big Mistakes: The Best Investors and Their Worst Investments
Gary Belsky and Thomas Gilovich, Why Smart People Make Big Money Mistakes
Benjamin Graham, The Intelligent Investor
Kathryn Schulz, Being Wrong: Adventures in the Margin of Error
Jason Zweig, The Devil’s Financial Dictionary
Roger Lowenstein, When Genius Failed: The Rise and Fall of Long-Term Capital Management
Jason Zweig, Your Money and Your Brain
Alan Pell Crawford, How Not to Get Rich: The Financial Misadventures of Mark Twain
Jason Zweig, The Little Book of Safe Money
Articles and other research:
Warren Buffett’s annual letters to Berkshire Hathaway shareholders
http://buffettfaq.com/#what-have-been-your-business-mistakes
Robert MacCoun and Saul Perlmutter, “Blind Analysis: Hide Results to Seek the Truth,” Nature, Oct. 7, 2015
Emily Pronin, “Perception and Misperception of Bias in Human Judgment,” Trends in Cognitive Sciences, 2007