People talk about their winners more than their losers. Many times you hear people telling you they made a killing on one or two stocks. The reality could be that stock may be just 1% of the overall portfolio. Even doubling the stock price i.e. 100% return will add only 1% additional return to the portfolio.It’s not about how one or two stocks or schemes in your portfolio performed but how your overall portfolio performed that gives a…
Social Proof plays a very dominant role in decision making by those people who are not confident & thorough enough about a particular subject. Historically, people have felt safe and confident in following the herd instinct. The more people that display a certain behavior, the more acceptable we think that behavior is. The more people follow a certain idea, the more correct we think that idea is. Usually, most of the people have expertise in…