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The David Sokol Scandal and Recency Bias

By GregSpeicher.com on Wed, 2011-05-04 09:02
(via gregspeicher.com)

The recent discussions about how the David Sokol matter reflects on Warren Buffett and Berkshire Hathaway has been largely impacted by the recency effect. Wikipedia defines this as, “The tendency to weigh initial events more than earlier events.”

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