Mr. Market: Why price is not value, and why that distinction is everything
AvailableOn February 19, 2020, the S&P 500 closed at an all-time high.
Why Investors Underperform: The gap between market returns and investor returns
AvailableEvery year, DALBAR publishes a study that has produced the same uncomfortable finding for three decades.
Worked example: The same fund — different investors
Confirmation Bias: How the brain corrupts the research process
AvailableIn 1988, a research analyst at a major brokerage firm published a 50-page report concluding that Enron's financial structure was sound, its earnings growth sustainable, and its stock undervalued.