What is The Irrational Investor

In college, the best investing class I ever took was behavior finance. The most important thing that I learned in this class was that I wasn't rational in making my decisions. This insight was one of the best things that could occur to me about my investing. In this moment of humility, I realized that my perceptions of the market are completely biased, and I need to constantly challenge myself to become an effective investor.

The funny thing is that even when I knew what the rational decision is, my brain compels to act completely different. Investing is a constant battle against yourself to make smart objective decisions. The human mind isn't wired for this type of environment and I need a constant reminder of this fact, so I bring you The Irrational Investor.

I am writing this blog because I am tired of the investment establishment. Everyone is telling you how to beat the markets whether it's CNBC, the latest financial magazine, or some guy selling their latest system to clueless traders. The truth is that most of these folks are no better at predicting the market than a group of monkeys, dressed in fancy suits and hiding behind intelligent sounding names like Long Term Capital Management.

I can't be disingenuous and will be honest in my interpretations of the market. If I don't know about something in the markets, I will say that I don't know than pulling out some crackpot theory. I will probably be full of bull half the time like the others in the market, but I won't be afraid to admit it.

I like having a name like The Irrational Investor because it forces me to prove my self instead of relying on a smart sounding name. It's the type of challenge that I like to take up.