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|Subject: Foolish Book Review: Investment Madness||Date: 9/18/2006 2:00 PM|
|Author: TMFTwitty||Number: 86 of 103|
Foolish Book Review: "Investment Madness"
By Jim Mueller (TMF Gebinr)
September 18, 2006
How good of a driver are you? Most people, when asked that question, say they are above average. An outside observer, though, would rate about one-third of drivers as below average, one-third as average, and one-third as above average. That's how it actually breaks down. But most people are overly confident in their own ability and rate themselves accordingly. (Were you one of them? I was.)
In Investment Madness, author John Nofsinger uses the above example when he discusses overconfidence........
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