Born Suckers – The greatest Wall Street danger of all: you. By Henry Blodget
It isn’t a new thing to point out the similarities of financial markets and fantasy baseball. This story by the former genius, Henry Blodget, is as compact and lucid a litany of the mistakes we make in both spheres.
There are logical inconsistencies, mostly because there are no hard and fast rules that we can follow that will easily make us perform better picking our stocks or ballplayers, but certainly we’ll do better more of the time if we avoid the perceptual and behavioral mistakes Blodget writes about.