Warren Buffett quipped in Berkshire Hathaway's 1992 shareholders letter that, "We've long felt that the only value of stock forecasters is to make fortune tellers look good." He has a point. History may rhyme, but rarely repeats, to paraphrase Twain. If I've learned anything over the past 30 years tracking the markets professionally, it's that the market has a knack for making prognosticators look foolish. The simple reality is that we, as investors, often fall victim to biases, and these biases frequent ...