Greed and fear, optimism and paranoia

"INVESTOR education pieces are basically saying the same things over and over again, just in different ways," said my wise analyst.

Indeed, the sound principles of investing are very simple. But it is difficult to put into practice because we humans are so full of flaws, chief among them is our tendency to be affected by emotions, which oftentimes lead us to make irrational decisions.

Among the investment writers who resonated with us is Morgan Housel, who recently published his highly anticipated book The Psychology of Money. CFA Institute posted a blog which captured the main points made in the book and by Mr Housel in a recent CFA Institute webinar.