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Old 11-05-2009, 10:19 AM   #5 (permalink)
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Quote:
Originally Posted by JSanders View Post
You're upset about losing $2,000 in a game, or real stock?

Lesson #1, the stock market is gambling, with some knowledge applied.

Anyone who teaches you any different is lying.
I've recently been reading a book about irrational thinking. The book claims that, on average, financial advisers do worse than the markets in which they operate.

I'm way, way away from understanding the subject, and I'm inclined not to believe that an entire industry of financial folk are deceiving themselves, but I can definitely see a certain logic to the suggestion that those working within the financial sector are somewhat overconfident.

If anyone's interest the book is called "Irrationality", and it's written by Stuart Sutherland.
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