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Bad Investment Decisions: Death from Opinions (bp.blogspot.com)
2 points by panarky on Dec 12, 2010 | hide | past | favorite | 1 comment


Source: http://www.ritholtz.com/blog/2010/12/investing-losses-death-...

"If you are relying on someone else’s opinion, then you are not relying on your own research, you are not basing your analysis on data, on history, or on logic.

You have no idea whether or not you are making decisions based on high probability outcomes, but the odds are against it."




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