Saturday, May 14, 2016

Quote: John Authers in the FTWeekend

A piece of timeless wisdom from John Authers in the FTWeekend:

"We view the world in stories. But the story does not always precede the fact. In markets, we often adjust our story, and our view of the world, to fit the fact of a move in the price."

We would do well to remember this bias.

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