A selection of nine essays ranging in topics from the philosophy and behavioral foundations of value investing to such opportune advice as a warning to those who would switch out of stocks and into bonds in the cuurent environment.

We have played a classic Keynes' beauty contest with over 1000 professional investors.

The catalogue of biases that cognitive psychologists have built up over the last three decades seem to have stem from one of three roots - self-deception, heuristic simplification (including affect), and social interaction.This paper ...

Because such markets lack fundamental support, they are liable to precipitous declines. This is exacerbated when everyone seems to be watching the same indicator (earnings optimism).

Over 300 professional fund managers have taken a test to measure the scale of behavioural biases.