Just Stopped the Madness Already!

This is a great post, courtesy of Phil's Stock World. There is a tendency for individuals to marry a position and overestimate the accuracy of their beliefs or measurements. People tends to be bullish because they own stocks and bearish because they are short. But to increase profitable you have to be willing to contradict yourself and change as facts change. Society looks down upon those individuals who change their mind. Politicians and elected officials are criticized for changing their minds regarding laws and policies. But why must one be concretely faithful to their opinions and beliefs even when facts change. This post is very informative and should be approached with an open mind. Stay flexible and cut losses!