Overconfidence: "I'm Not Cocky, I Just Know I'm Going To Win!"

Overconfidence: "I'm Not Cocky, I Just Know I'm Going To Win!" by Lukas Neely, Investor Vantage

“We don’t like complexity and we distrust other systems and think it many times leads to false confidence. The harder you work, the more confidence you get. But you may be working hard on something that is false. We’re so afraid of that process so we don’t do it.”

Charlie Munger

[munger]

Do you believe you are a great investor?

This doesn’t mean you are a lousy investor either. In fact, you may even feel very confident that you are making the right investment decisions, and you probably have all the right skills to research your stocks and properly analyze a financial statement (very rare). You may even...