MI197: Stock Market Bubbles & Crashes w/ Scott Nations
The Intrinsic Value Podcast - The Investor’s Podcast Network
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Is Overconfidence the Worst of the Bias?
In a bull market, everyone's over confident that they can pick the winning stock in the next winning trade. We see this in meam stocks and we have interns at the business who were incredibly overconfident about the potential for loss. The nobe is wining psychologist slash economist, daniel conoman famously said that of all the human biases, overconfidence is the one that he would do away with if he had a magic wand.
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