Robert Seawright – Avoid Overconfidence Bias by Remembering That Randomness Is Everywhere

<p><a href="https://www.linkedin.com/in/seawright/"><strong>Robert “Bob“ Seawright</strong></a> <span style="font-weight: 400;">is the Chief Investment & Information Officer for Madison Avenue Securities, LLC, an investment advisory firm and broker-dealer headquartered in San Diego, California.</span></p> <p><span style="font-weight: 400;">Bob’s blog,</span> <a href= "https://rpseawright.wordpress.com/"><span style= "font-weight: 400;">Above the Market</span></a><span style= "font-weight: 400;">, has received “best of” recognition from a wide variety of sources, including</span> <a href= "http://blogs.wsj.com/totalreturn/2014/09/06/read-em-and-reap-smart-people-for-investors-to-follow/"> <span style="font-weight: 400;">The Wall Street Journal</span></a> <span style="font-weight: 400;">and the</span> <a href= "http://blogs.cfainstitute.org/investor/2013/12/18/best-of-2013-know-yourself-and-how-you-make-decisions/"> <span style="font-weight: 400;">CFA Institute</span></a><span style="font-weight: 400;">, and is the</span> <a href= "http://www.kitces.com/top-financial-advisor-blogs-and-bloggers/"><span style="font-weight: 400;"> #7 rated advisor blog</span></a> <span style="font-weight: 400;">in the country based upon readership, linkage, and influence.</span></p> <p><span style="font-weight: 400;">And don’t’ miss</span> <a href= "https://betterletter.substack.com/"><span style= "font-weight: 400;">The Better Letter Newsletter</span></a> <span style="font-weight: 400;">that he writes about markets and life and comes out every Friday morning.</span></p> <p><span style="font-weight: 400;"> </span></p> <p><strong>“Good advice wrongly applied isn’t any better than bad advice.”</strong></p> <p><span style="font-weight: 400;">Robert Seawright</span></p> <p><span style="font-weight: 400;"> </span></p> <h2><strong>Worst investment ever</strong></h2> <h3><strong>Beginner’s luck</strong></h3> <p><span style="font-weight: 400;">Bob’s worst investment ever, like for most investors, was when he was starting as an investor.</span