Note: This post was originally published in the August 2015 issue of Value Investing Almanack. To read more such posts and other deep thoughts on value investing, business analysis and behavioral finance, click here to subscribe to VIA.
“See, when you want to reverse the car to left, you have to turn the steering wheel to the left,” I told my wife while I was trying to teach her reverse parking.
“But when I turn left, the car is going towards right!” she exclaimed.
“No! The car is going towards left. See, the left tail lamp is going left,” I showed her in the side view mirror.
“Yeah but the right headlamp is going towards the right,” she pointed towards the right headlamp which appeared to be moving towards right from driving seat. Of course, it had to. If you are focusing on the front, the nose of the car will seem to go towards the right.
[Read more…] about The Curse of Knowledge