1.            “Many individual investors lose consistently by trading, an achievement that a dart-throwing chimp could not match.” Leonard the Wonder Monkey will beat a muppet in an investing contest.  Not only will muppets lose to a dart throwing monkey, they will do worse than chance would dictate, especially after fees because of certain behavioral biases.   2.            “Few stock pickers, if any, have the skill needed to beat the market consistently, … Continue reading A Dozen Things I’ve Learned About Investing from Daniel Kahneman