It became apparent that the smartest person in the room isn’t always right. In fact, most of the time their intelligence works against them because they’ve become so sure of themselves and their investing abilities that they’re unable to change their mind or accept the fact that the markets don’t care what your IQ is.
Some of the smartest people outside the world of finance can also be terrible investors. Doctors, lawyers, and engineers are some of brightest, most educated people around. They have all put in years of study and advanced training and are compensated handsomely because of it. Yet my experience with many in this group (not all, of course) is that they tend to be horrible investors.
Read more at http://awealthofcommonsense.com/2018/02/the-curse-of-intelligence
Some of the smartest people outside the world of finance can also be terrible investors. Doctors, lawyers, and engineers are some of brightest, most educated people around. They have all put in years of study and advanced training and are compensated handsomely because of it. Yet my experience with many in this group (not all, of course) is that they tend to be horrible investors.
Read more at http://awealthofcommonsense.com/2018/02/the-curse-of-intelligence
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