People Make Irrational Decisions When Choosing Experts
People are not only bad investors; but they also choose the wrong experts to listen to. New Scientist highlights research by Don Moore of Carnegie Mellon University which provides evidence that investors will choose a self-confident buffoon like Jim Cramer over a more historically accurate forecaster such as Jeremy Grantham for the simple fact that Cramer has more personal charisma.
Source:
http://www.newscientist.com/article/mg20227115.500-humans-prefer-cockiness-to-expertise.html
***
Related Posts
-
Molson Coors AddedInvestors continue to pile into high-flying technology shares and...
- October 1, 2020
-
Global Gold Miners ETF Allocation IncreasedCash available was added to the SMA Portfolio's holding...
- August 10, 2020
-
-
Is the Retirement Crisis Really a Crisis?PBS Frontline recently presented a documentary called “The Retirement...
- April 25, 2013
-
Alarming Chart of the Stock Markets of 1987 and 2012-2013Several days ago I posted a chart showing the...
- May 22, 2013
-
Bill Ackman Thinks Diversification is for the Lazy
Bill Ackman made a speech at the Active/Passive Investor...
- March 4, 2010
