If you're not the lead dog, you're view never changes.
TV commercial for efollet.comInternet stocks are not valued at all; They're worshiped.
Barbara Bruser quoted in Worth Magazine (September 1999)People overconfidently confuse familiarity with knowledge. For every example of a person who made money on an investment because she used a company's product or understands its strategy, we can give you five instances where such knowledge was insufficient to justify the investment . . . The plain truth is that most investors miss out on potenial profits because they believe they can outthink the market when all evidence says they can't.
Gary Belsky and Thomas Gilovich in Why Smart People Make Big Money Mistakes
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