What is expert advice worth on the stock market?

Haaretz by Eli Malki | Nov. 12, 2009 (Special Report)

How seriously should you take their forecasts? Does an understanding of economics and the capital market give you tools to peer into the future?

A paper by psychology professors Gustaf Torngren and Henry Montgomery of Stockholm University - "Worse Than Chance? Performance and Confidence among Professionals and Laypeople in the Stock Market" - demonstrates that Lao Tzu nailed it on the head. Full Story »

Posted by Derek Hawkins

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Subjects: Business, Sci/Tech, Living, Health
Topics: Finance, Psychology, Money
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# Tweets: 3 (as of 2009-11-12)
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Posted by: Posted by Derek Hawkins - Nov 12, 2009 - 12:02 AM PST
Reviewed by: Derek Hawkins (review), Gordon Townsend (review), Michael Todd (review)
Content Type: Article
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Edited by: Derek Hawkins - Nov 12, 2009 - 12:09 AM PST

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Michael Todd
3.6
 by Michael Todd - Nov. 15, 2009

I quibble with the point of the exercise -- the unwarranted confidence angle -- was slow in surfacing, but I still recommedn this article to all investors (and by extension to all who deal with expert prognostication) anbout trusting anyone's skills implicitly.

See Full Review » (11 answers)
Derek Hawkins
3.3
 by Derek Hawkins - Nov. 12, 2009
Derek posted this story.
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Gordon Townsend
5.0
 by Gordon Townsend - Nov. 12, 2009

Send this to Obama and Bernake and then ask for a bonus like the ones they gave the "banks" that could n;t fail.

See Full Review » (4 answers)

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