06-11-2016 17:00 via feedproxy.google.com

A hedge fund wrote a letter to investors explaining why they should read a classic book about cognitive biases

Texas-based hedge fund Voss Capital didn't pontificate on Fed rate hikes or the future of global markets in its quarterly letter to investors.
Instead, the fund's managers looked internally, and wrote a nine page letter drawing upon Nobel Prize in Economics laureate Daniel Kahneman's book, “Thinking, Fast and Slow,” and how it shapes the culture and investment process at the firm.
The book focuses on inherent human biases and irrational decision making. Voss Capital ai
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