Synopsis
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
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