financial reality

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  • InLibrisLibertas
    Location : Mill Valley, California, United States

    I'm an independent investor. I make my living from the returns on my investments. I work at home, in the northern part of the San Francisco Bay area. I spent most of my career as an executive in high-tech, although I also spent time in banking. Down to one kid in university now!

Déjà vu all over again?

July 18th, 2005 by InLibrisLibertas

Believe it or not - Swampland buyers could lose out on investment

People tend to hold overly favorable views of their abilities in many social and intellectual domains….This overestimation occurs, in part, because people who are unskilled in these domains suffer a dual burden: Not only do these people reach erroneous conclusions and make unfortunate choices, but their incompetence robs them of the metacognitive ability to realize it.–”Unskilled and Unaware of It: How Difficulties in Recognizing One’s Own Incompetence Lead to Inflated Self-Assessments,” by Justin Kruger and David Dunning Department of Psychology Cornell University, Journal of Personality and Social Psychology December 1999 Vol. 77, No. 6, 1121-1134

Posted in Manias, Real Estate |

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