Why Overconfidence in Investing Can Be Dangerous

In my over 30 years of experience as a financial advisor, one of the most dangerous traits I’ve consistently witnessed amongst investors who attempt to manage their own investments is overconfidence in their own ability to make smart investment decisions. In this brief, three-minute video we learn more about this and what the academics warn about those who are of this mindset. In sharp contrast, one of the most important traits and mindset of successful investors is humility towards one’s own ability and behavior.