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PrincetonUniversity Communications Office, Stanhope Hall,
Princeton, NJ 08544 USA Princeton in the NewsMoney, May, 2001 Do You Sabotage Yourself? Daniel Kahneman has done more than anyone else to explain why most of us make so many mistakes as investors--and what we can do about it. When people ask me which investment thinker I've learned the most from, they expect names like Warren Buffett, Peter Lynch and John Bogle. But I always give the same answer: Daniel Kahneman. He's not a great stock picker like Buffett, a masterful fund manager like Lynch or a crusader for investors' rights like Bogle. Instead, Kahneman is a psychologist at Princeton University who studies how people estimate odds and calculate risks--the very essence of investing. To my mind, Kahneman has done more than anyone else alive to shed light on how to improve our investing judgment and manage risk intelligently.... |
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