What is expert advice worth on the stock market?
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.
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Send this to Obama and Bernake and then ask for a bonus like the ones they gave the "banks" that could n;t fail.