The irony of investing: the less you know the more confident you feel
Oddly, knowing less can make you feel like a market genius. In this post I map the Dunning-Kruger effect in investing and the investing confidence curve, from terrified beginner to overconfident trader to humble index fund investor. I explain why index funds usually win, offer my two PFC rules, and link to my free Investing for Beginners 60 minute course.