Overconfident investors feel they can ‘beat the market’. Hence, they ignore the risk involved and invest far more than their less confident counterparts. They tend to buy overpriced assets, invest in risker portfolios, and have lower returns. However, practicing some quick mental techniques could alert investors on what can go wrong and how that can impact their performance.
In April 1995, McArthur Wheeler boldly robbed two banks in Pittsburgh without using a disguise. To prevent himself from getting caught, he smeared his face with lemon juice believing that surveillance cameras at the bank would not be able to catch him. His logic was simple, that lemon juice would make his face blur. It is used to write invisible letters that become visible only when held close to a heat source; he thought the same thing would
Uh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
Clean experience with
Comment & Engage with ET Prime community
Exclusive invites to Virtual Events with Industry Leaders
A trusted team of Journalists & Analysts who can best filter signal from noise