What the ant and the lancet fluke can teach you about investing

For investors, the seductive allure of 'groupthink' can infect the brain like a parasite, leading to disastrous financial decisions, says Bengt Saelensminde.

Last Friday, my plan was to send you a quick summary of what went on at this year's MoneyWeek conference. But trying to cram a day's worth of action into one issue of The Right Side was probably always a bit optimistic.

So I've decided to give you some more insights from the event today. I also want give you a few excerpts of the conference presentations to listen to.

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Bengt graduated from Reading University in 1994 and followed up with a master's degree in business economics.

 

He started stock market investing at the age of 13, and this eventually led to a job in the City of London in 1995. He started on a bond desk at Cantor Fitzgerald and ended up running a desk at stockbroker's Cazenove.

 

Bengt left the City in 2000 to start up his own import and beauty products business which he still runs today.