We are all biased and more from Michael Mauboussin

Great stuff on behavioral finance and need for contrarian investment from the PBS transcript of their Nightly Business interview with Mauboussin"And there is one bias that all of us share, whether your smart or not as smart and that is a tendency to extrapolate. So what we -- if we've seen good results, we think they're going to go on forever. If we've seen something bad, we think it's going to