RMIFinancial ‘Professionals’ No Much Better At Finance Than Typical Humans
Knowing even more about finance does not lead to better monetary decisions.In fact, a few of the
most allegedly economically experienced people– mutual-fund managers– don’t make much better financial choices than other peoplepeople, according to a brand-new research by Michigan State and Notre Dame analysts, as reported in The Atlantic.Its the most current evidence that a years-long campaign to helpto assist typical
Americans achieve financial literacy is ineffective at best and misdirected at worst. As the Atlantic notes, specialist stock-pickers in finance and forecasters in other fields have been derided for years as no better than dart-throwing monkeys.
Comments are currently closed.