Discussing :: Confidence can be a killer
Who has ever invested money with a finance company, or knows someone who has? This is a silly question, since the finance company disaster of recent years probably has touched almost everyone in New Zealand. The good news – and the bad – is that it is not strictly the fault of those people who invested in the finance company turkeys. The brains of human beings, for better or worse, are essentially wired to have a large degree of confidence in their abilities. Unfortunately, such confidence often can lead to hubris, especially where investment is concerned. That’s why so many so many investors tend to take outrageous risks with their... read full article
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