Financial ‘Experts’ No Better At Finance Than Normal Humans

Financial ‘Experts’ No Better At Finance Than Normal Humans – http://huff.to/1thnBfx

Some studies suggest that past a point more information can cloud judgment.  

People’s judgments can start to deteriorate with further information but their confidence that they’re making the right decision keeps increasing.

Also modern investing increasingly mirrors performance of Martengale and similar betting strategies, an inverse lottery with lots of small wins bookended by catastrophic losses.

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