We all react emotionally, even if we don't think we are. And part of being overconfident is not having the humility to understand that you don't really know more than other people or maybe even most people when it comes to investing. So I think it's key for us all to admit that we're overconfident.
If you like to tinker with your investments, then it’s tough to beat the market over a long period of time.
John M. Jennings is the president of St. Louis Trust & Family Office, a Professor at Washington University’s Olin Business School, and the author of “The Uncertainty Solution: How to Invest with Confidence in the Face of the Unknown.” Deidre Woollard caught up with Jennings to discuss:
- Why the improbable happens all the time
- 1 key attribute that some of the best-performing stocks have in common - And the business advantage that “fast followers” have over pioneers
Companies mentioned: SCHW, TJX, APPL, HUM, SHW
Host: Deidre Woollard Guest: John M. Jennings Producer: Ricky Mulvey Engineers: Dan Boyd, Heather Horton
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