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The Morningstar Active/Passive Barometer Might Help Investors Improve Their Base Rates
In his book Thinking, Fast and Slow [1], Nobel Prize-winning psychologist Daniel Kahneman discusses how he stumbled upon two different approaches to forecasting while working for Israel's Ministry of Education to write a high school textbook about judgment and decision-making. Kahneman and his longtime collaborator Amos Tversky ultimately branded these two schools of forecasting "the inside view" and "the outside view." The inside view is deeply personal.
https://finance.yahoo.com/m/a62c6299-f48f-3262-88d2-a06739a61f1c/the-morningstar.html?.tsrc=rss
In his book Thinking, Fast and Slow [1], Nobel Prize-winning psychologist Daniel Kahneman discusses how he stumbled upon two different approaches to forecasting while working for Israel's Ministry of Education to write a high school textbook about judgment and decision-making. Kahneman and his longtime collaborator Amos Tversky ultimately branded these two schools of forecasting "the inside view" and "the outside view." The inside view is deeply personal.
https://finance.yahoo.com/m/a62c6299-f48f-3262-88d2-a06739a61f1c/the-morningstar.html?.tsrc=rss