Tag: overconfidence

Don’t Pay for the Overconfidence of Your Investment Advisors

“Overconfidence is a very serious problem.  If you don’t think it affects you, that’s probably because you are overconfident.”  – Carl Richards In late 2007 legendary investor Warren Buffett made a $1,000,000 bet with Protégé Partners, LLC with the winnings going to charity. The terms of the wager are as follows: “Over a ten-year period…