Re:Newton's Financial Misadventures in the South Sea Bubble
by H8crilA on Wednesday September 18, 2019 @07:26PM
(#21011592)
This is a lesson to not assume you're good at investing if otherwise intelligent.
The Intelligent Investor, by Graham, brings up the archetypical example of a doctor/dentist and his financial misadventures. His (or her) disadvantage is that they're obviously intelligent which pushes them to be overconfident in a field in which they have zero experience. Overconfidence breeds poor risk management and eventual trouble.
The Intelligent Investor, by Graham, brings up the archetypical example of a doctor/dentist and his financial misadventures. His (or her) disadvantage is that they're obviously intelligent which pushes them to be overconfident in a field in which they have zero experience. Overconfidence breeds poor risk management and eventual trouble.