Ask a room of investors how many will beat the market over the next 10 years. Most hands go up. But mathematically, after fees, most will underperform. Overconfidence drives excessive trading, concent...
Ask a room of investors how many will beat the market over the next 10 years. Most hands go up. But mathematically, after fees, most will underperform. Overconfidence drives excessive trading, concentrated positions, and the belief that you are the exception to every rule.
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