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Bargain Books
Last week I visited the bookstore and I found a bargain almost impossible to refuse: a beautiful lobster cookbook: over 100 beautifully illustrated pages with all kinds of recipes about lobster: lobster lasagna, lobster clam chowder, lobster thermidor … exquisite photographs and just for CDN $ 2.00 (about USD$ 2.00). We had it in my…
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The Illusion of Stock-Picking Skill
“In 1984, Amos and I and our friend Richard Thaler visited a Wall Street firm. Our host, a senior investment manager, had invited us to discuss the role of judgment biases in investing. I knew so little about finance that I did not even know what to ask him, but I remember one exchange. “When…




