Warren Buffet. I am a big books reader, English+Arabic.

Transcript

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He is an emotional many of the obstacles to investment success relate to human emotion. The main reason for the failure of the efficient market hypothesis is that investors, they really satisfied the requirement of objectivity. Most become greedy, confident. And if oric when prices are high, causing them to celebrate their winners and buy more rather than take profits, and they get depressed and fearful when prices are low, causing them to sell assets at bargain prices and invariably discouraging them from buying. And perhaps first of all, they have a terrible tendency to judge how they're doing based on how others are doing, and to let envy of other success for them to take additional risk. For the simple reason that others are doing so, envy is enough to make people follow the crowd even into investments they know nothing about.