"....Montier also touches on the subject of bubbles in asset prices; how to define them and spot them and why they arise. Along this subject, he writes about a series of behavioral tendencies that mark the human process when it comes to investing:
- over-optimism which blinds us from the dangers posed by predictable surprises
- illusion of control or the belief that we can influence the outcome of uncontrollable events
- self-serving bias or the innate tendency to overweight information that validate our bias
- inattentional blindness or the fact that we do not expect to see what we are not looking for....."
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