In a new blog post, A Wealth of Common Sense’s Ben Carlson discussed the pitfalls of relying on market experts for trading ideas.
Confusing knowledge with judgment can be a costly mistake, he explained. “People assume [Wall Street] professionals should have everything under control because this is what they do for a living, but it just opens you up to a whole host of different biases when you’re dealing with this stuff on a daily basis.”
In fact, investment professionals sometimes let overconfidence cloud their judgment, a pitfall ...
/www.benzinga.com/analyst-ratings/analyst-color/16/06/8098900/why-financial-experts-often-have-worse-market-judgement- alt=Why Financial Experts Often Have Worse Market Judgement Than Retail Investors>Full story available on Benzinga.com
More...