Lisa Brenneman #ForeverAnAlly ❤🧡💛💚💙💜 @TallLisaB - Twitter Profile

Good investing is about overcoming the belief in personal uniqueness that leads us to overlook probability-based approaches in favor of a vague belief that, “The rules don’t apply to me.” Investors who own their mediocrity can rely on rules and systems – they do what works and reap the rewards. Investors mired in a need to be better than average insist on flaunting the rules in favor of their own ideas and pay a steep price for their arrogance. As investor and author @jposhaughnessy says, “The key to successful investing is to recognize that we are just as susceptible to crippling behavioral biases as the next person.” Our tendency toward pride is rooted in cognitive errors, including overconfidence bias and the fundamental attribution error. Studies show that over 95% of people think they have a better-than-average sense of humor, and similar trends appear in self-assessments of interpersonal and athletic abilities. American high school students, despite average mathematical proficiency, lead the world in confidence about their abilities, reflecting a dangerous combination of mediocrity and overconfidence in the investment world. In life and markets, there is a great advantage to be had in realizing that you're not that great. Excerpted from The Laws of Wealth - https://t.co/pyBfvK9FpF

danielcrosby's tweet photo. Good investing is about overcoming the belief in personal uniqueness that leads us to overlook probability-based approaches in favor of a vague belief that, “The rules don’t apply to me.”

Investors who own their mediocrity can rely on rules and systems – they do what works and reap the rewards. Investors mired in a need to be better than average insist on flaunting the rules in favor of their own ideas and pay a steep price for their arrogance.

As investor and author @jposhaughnessy says, “The key to successful investing is to recognize that we are just as susceptible to crippling behavioral biases as the next person.”

Our tendency toward pride is rooted in cognitive errors, including overconfidence bias and the fundamental attribution error. Studies show that over 95% of people think they have a better-than-average sense of humor, and similar trends appear in self-assessments of interpersonal and athletic abilities.

American high school students, despite average mathematical proficiency, lead the world in confidence about their abilities, reflecting a dangerous combination of mediocrity and overconfidence in the investment world.

In life and markets, there is a great advantage to be had in realizing that you're not that great.

Excerpted from The Laws of Wealth - https://t.co/pyBfvK9FpF

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TallLisaB retweeted

Mark Manson

@Markmanson

almost 2 years ago

It's a simple fact of life: if you want to do something incredible, something that makes you stand out above the rest, then you have to become comfortable being different—that means being misunderstood, criticized, even hated.

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TallLisaB retweeted

Amanda Gorman

@TheAmandaGorman

almost 2 years ago

Amen! @MichelleObama

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Cookie Monster

@MeCookieMonster

almost 2 years ago

Me got to try real French macarons with me friends @MarthaStewart and @SnoopDogg! They honorary cookies in me book! #ParisOlympics

MeCookieMonster's tweet photo. Me got to try real French macarons with me friends @MarthaStewart and @SnoopDogg! They honorary cookies in me book! #ParisOlympics https://t.co/HCVjRyR61R

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Lisa Brenneman #ForeverAnAlly ❤🧡💛💚💙💜 @TallLisaB

almost 2 years ago

OH MY GAWD!!!!! Celebrate everyone !

Cookie Monster

@MeCookieMonster

almost 2 years ago

🍪🍪🍪🍪🍪🍪🍪🍪 🍪 Happy National 🍪 🍪 Chocolate Chip 🍪 🍪 Cookie Day! 🍪 🍪🍪🍪🍪🍪🍪🍪🍪

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Lisa Brenneman #ForeverAnAlly ❤🧡💛💚💙💜 @TallLisaB

almost 2 years ago

I have used Daniel’s Wise Words so often in my career and life.

Daniel Crosby @danielcrosby

almost 2 years ago

When I was a therapist, working at an eating disorder treatment center, one of the first things we did was educate the clients around how the media sausage gets made so that they could be informed consumers of what was being presented to them (in this case, distorted standards around women's beauty). In the next 100 days or so, you'll be bombarded with political and financial news, much of which is manufactured to sell ad space and not to maximize your financial wellbeing. I hope you'll keep these tips in mind as you watch and read, and be sure to go make your voice heard in November!

danielcrosby's tweet photo. When I was a therapist, working at an eating disorder treatment center, one of the first things we did was educate the clients around how the media sausage gets made so that they could be informed consumers of what was being presented to them (in this case, distorted standards around women's beauty).

In the next 100 days or so, you'll be bombarded with political and financial news, much of which is manufactured to sell ad space and not to maximize your financial wellbeing. I hope you'll keep these tips in mind as you watch and read, and be sure to go make your voice heard in November!

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Lisa Brenneman #ForeverAnAlly ❤🧡💛💚💙💜 @TallLisaB

almost 2 years ago

And yet, we tend to only realize this when we retire!!

Daniel Crosby @danielcrosby

almost 2 years ago

A 2021 Pew Research survey found that family and freedom are key determinants of a meaningful life. Interesting to consider how closely this aligns with how you spend your time/energy/money. It's so easy to misplace effort.

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Lisa Brenneman #ForeverAnAlly ❤🧡💛💚💙💜 @TallLisaB

almost 2 years ago

And if you don’t know…then it’s time.

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Lisa Brenneman #ForeverAnAlly ❤🧡💛💚💙💜 @TallLisaB

almost 2 years ago

@danielcrosby @brianportnoy This is it ☝️☝️☝️☝️

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Lisa Brenneman #ForeverAnAlly ❤🧡💛💚💙💜 @TallLisaB

almost 2 years ago

@danielcrosby Congratulations on your new book! Very exciting

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Lisa Brenneman #ForeverAnAlly ❤🧡💛💚💙💜 @TallLisaB

about 2 years ago

Corporate retirement is lovely btw….

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TallLisaB retweeted

The Wall Street Journal

@WSJ

over 2 years ago

🧵One year ago today, Wall Street Journal reporter Evan Gershkovich was detained in Russia for doing his job. He remains in a Moscow prison. We’re offering resources for those who want to show their support for him. #IStandWithEvan https://t.co/ll83UMXlp5