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#58: Peter Atwater On The Great Confidence Divide

Superinvestors and the Art of Worldly Wisdom

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The Gambling Mentality in Modern Investing

This chapter explores the concerning trend of retail investors making hasty stock purchases without proper research, akin to gambling. It critiques the proliferation of financial products, like leveraged ETFs, that encourage this risky behavior and compares the stock market to a lottery ticket counter.

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