Scepticism is rare, or, Descartes vs. Spinoza

This week's letter is from one of my favorite analysts and behavioral finance thinkers, James Montier of Dresdner Kleinwort Wasserstein in London. James wrote a chapter for my new book, Just One Thing, and this article is very representative of the insightful work he puts out.

This report by James explores why it is that humans tend to believe something that is not true. What he finds is that the more distractions or noise, the more likely a person is to believe something that is false is true. By knowing where our weaknesses are we can program ourselves to be better investors and James will help you think "Outside the Box." (Footnotes are at the end of the article.)