Why Beginners Think They’re Experts (And Lose Money) \t•\tThe Bias That Makes New Investors Dangerous \t•\tThis Is How Overconfidence Destroys Portfolios You just started investing. You made a few good trades. Now you think you’re the next Warren Buffett. That confidence has a name: The Dunning-Kruger Effect. It’s when people with limited experience overestimate their skill, because they don’t yet know what they don’t know. And in investing, this leads to catastrophic mistakes. In this video, I
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JM Be Rich Formulas(@berichformulas). original sound - JM Be Rich Formulas. Why Beginners Think They’re Experts(And Lose Money) \t•\tThe Bias That Makes New Investors Dangerous \t•\tThis Is How Overconfidence Destroys Portfolios You just started investing. You made a few good trades. Now you think you’re the next Warren Buffett. That ...
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