Zen Project Management
MAY 18, 2018
I am still reading Daniel Kahneman's Thinking, Fast and Slow , and I came across an interesting quote People can maintain an unshakable faith in any proposition, however absurd, when they are sustained by a community of like-minded believers. He used the example of stock traders, who think they are successful in picking stocks even though evidence points otherwise. Two out of three mutual funds underperform the overall market in any given year.