The Motley Fool Discussion Boards

Previous Page

Investing Books / General Book Discussion


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........

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us