Richard Thaler's work in behavioral economics won him a Nobel Prize in 2017. His 2008 book Nudge was extremely influential, helping shape public policies that in turn help people save more and make better decisions in finance, health, and many other fields. Thaler points out that in the late 1990s, as the tech bubble was booming, people "knew" those stocks were overpriced. To make good investment decisions, study history, establish a solid set of rules, and stop trying to time the market. 10 stocks we like better than WalmartWhen our award-winning analyst team has an investing tip, it can pay to listen.

Source: Forbes June 16, 2022 21:40 UTC