In his 2005 letter to the investors of the Nomad Investment Partnership, the firm's co-founder, Nicholas Sleep, declared that the main enduring advantages of a successful investor are "mainly psychological."
Q3 2020 hedge fund letters, conferences and more
He highlighted his list of the common psychological causes of investor misjudgment, which included "suboptimal" social decisions.
Investor psychologic is an often overlooked part of investment analysis. Charlie Munger has spoken at length about this topic in the past. In his landmark speech, "The Psychology of Human Misjudgment," the billionaire investor...
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