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Kuvera's video: Overconfidence Investing: The Dunning-Kruger Trap

@Overconfidence & Investing: The Dunning-Kruger Trap
Have you noticed that people who probably know the least often try to sound the most confident? Well, you might wanna hold that thought! Enter the Dunning-Kruger Effect – a term that describes the behaviour of ignorant people pretending they know everything. Two scholars, Dunning and Kruger, discovered this phenomenon back in '99. They tested people on thinking, grammar, and humour. What they found was surprising: those who performed poorly thought they were much better than they actually were. For instance, some who scored low believed they were actually better than most. So, why does this happen? Well, it's partly because we all love feeling confident, but that doesn't necessarily mean we're skilled. Additionally, many of us can't even tell how good we are because we lack something called 'awareness. The result? A double whammy. We mess up, and then we can't even see it. So, what's the takeaway for investors? Don't let confidence cloud your judgement. Stay humble, keep learning, and never underestimate the complexity of the market. After all, in the world of investments, it's better to be cautious than overconfident. Stay updated with super cool videos on investing. Subscribe to Kuvera Channel https://bit.ly/3bawMXK Follow the conversations across Kuvera.in on Twitter : https://twitter.com/Kuvera_In Facebook : https://www.facebook.com/kuvera.in/ LinkedIn : https://www.linkedin.com/company/kuvera-in/ YouTube: https://www.youtube.com/@Kuvera Thread: https://www.threads.net/@kuvera.in Start your investing journey with Kuvera: https://kuvera.onelink.me/t2AP/c4syh6uy

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This video was published on 2024-03-14 16:10:07 GMT by @Kuvera on Youtube. Kuvera has total 20.3K subscribers on Youtube and has a total of 515 video.This video has received 0 Likes which are lower than the average likes that Kuvera gets . @Kuvera receives an average views of 18.5K per video on Youtube.This video has received 0 comments which are lower than the average comments that Kuvera gets . Overall the views for this video was lower than the average for the profile.

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