Discusses picking stocks with the view that track records lack predictive value. Topics of success, overconfidence, and star managers; Recommendation of Oakmark and Oakmark Select funds; Outlook for Artisan Mid Cap, which is managed by Andy Stephens.GregoryKenSavageSteveKiplinger's Personal Finance...
To make matters worse, even when people are aware of overconfidence bias, they will still tend to overstate the chances that they are correct. Confidence is no prophet and is best used together with available evidence. When witnesses are called to testify in a court trial, the confidence in ...
Overconfidence is an issue that makes us more prone to problems in every area of our lives, not just on the Internet. And this is especially true when we are dealing with cyber-threats and scams. They intentionally use covert tactics that manipulate our perceptions and try to influence our a...
Narcissism. Overconfidence. Low EQ. Why do we persist in selecting for leadership traits that hamper organizational progress—and leave the right potential leaders in the wrong roles? Hot air rises—and so, unfortunately, do many of the aspiring leaders who spout it. Why do we continue to mist...
Overconfidence: Retail investors overestimate their ability to profit from perceived "cheaper" shares post-split.9 Representativeheuristic: Investors might associate stock splits with successful, growing companies, leading to undue optimism.9 While none of these suggest entirely rational decisions by traders...
I do understand some people are irresponsible, but again you have the power to stop it. Is not my fault lenders gave out bad loans, why should I be punished, I can prove how worthy I am, but guess, does not matter lol People with great long history of payments with high balances...
m always right. I could lean into that and just become a typical demagogic pundit, or I can say the very fact that I tend to have this overconfidence as a reason to triple and quadruple check my work, to read sentences and say, Do I really know that’s true or do I just want to...
When confidence is miscalibrated (believing you are better than you really are), it will have a negative effect on subsequent task performance. This overconfidence in our ability to perform a task seems to be a subconscious process, and it looks like it is here to stay. Fortunately, in the...
she affectionately called a "Big Personality™." He was funny, loud, and extremely charming. “It’s so funny to think of how my taste has changed,” Maggie tells Elite Daily, saying she always went for classically handsome and brimming with overconfidence — those seemingly untouchable types...
Is a risk-minimizing hedge a perfect or imperfect hedge? Explain your answer. Discuss two psychological biases that may explain why the stock market may suffer from collective waves of overconfidence or excessive pessimism. What is the reinvestme...