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Subject:  Foolish Book Review: Investment Madness Date:  9/18/2006  2:00 PM
Author:  TMFTwitty Number:  86 of 103

http://www.fool.com/news/commentary/2006/commentary06091803.htm?ref=foolwatch

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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