Sophisse

Confirmatory Bias and Oil Investing

I love this article! You encounter the concept of confirmation bias, and you immediately fall in love with it because it confirms your bias that oil bulls are misled. LOL!

I completely agree with your thought that all investors need to be concerned with confirmation bias, and I highly recommend The Black Swan for that concept and others. However it is a risk and pitfall that every investor needs to struggle against (with the possible exception of index investors).

I agree with you about the peak oil crowd, but the same applies to the oil bubble crowd.