Set forth below is the text of a comment that I recently posted to another blog entry at this site:
Of course, you are an expert at lying, Rob.
All of us humans are, Anonymous.
Have you read Freud? Isn’t projection a form of lying? Are there ANY humans who don’t engage in even a tiny bit of projection (that is, a tiny bit of lying)?
How about Dostoevsky? When his character Raskolnikov killed the old woman, did he not justify doing it by telling himself lies (rationalizations)?
What Wade Pfau and I discovered in that famous peer-reviewed research paper we co-authored is that nearly 70 percent of the risk of stock investing is attributable to the lies that investors tell themselves. If every book on investing started with a discussion of those lies and with descriptions of the tools that investors need to make use of to protect themselves from the effects of those lies, we all would be able to retire a good number of years sooner.
It sure seems so to me.
When you say that I am an expert on lying, you are saying that I am an expert on stock investing. Because effective investing is all about avoiding risk. And most of the risk of stock investing is the product of the lies we are all inclined to tell ourselves unless the experts help us out by reporting straight to us on what the last 33 years of peer-reviewed research has revealed to us all about how stock investing works in the real world.
Or at least so says Rob Bennett.