Game Theory at Work(c) How to Use Game Theory to Outthink and Outmaneuver Your Competition

If someone freely gives you stock advice, ask why she can’t get anyone to pay them for the information.

Events affect stock prices when they are anticipated, not when they actually occur.

Even short-term traders need to be concerned with the long-term prospects of stocks.

To compensate investors for taking on risk, market forces cause stocks on average to pay higher returns than safe government bonds.

Survivorship bias makes mutual funds’ past performances seem misleadingly impressive.