Behavioural biases are so deep wired in our brains that it takes tremendous will power and intelligent hacks to overcome its effects. This little book is a great reminder to all of us lest we become complacent and repeat the same mistakes.
Success in investing doesn’t correlate with IQ once you’re above the level of 100, writes Warren Buffett, “Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.”
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