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The Folklore of Finance: Beliefs That Contribute to Investors’ Failure – New York Times


New York Times

The Folklore of Finance: Beliefs That Contribute to Investors' Failure
New York Times
They came up with a label for the beliefs that contributed to this failure: the folklore of finance. The study, to be released on Monday, found that people were overconfident in their investing ability, unable to focus on their stated long-term goals

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