Research shows ignorance of novices often blinds them to their lack of expertise, it's so easy to fool ourselves“Nothing is easier than self-deceit” said Demosthenes. “For what each man wishes, he also believes to be true.”
Perhaps nowhere is that more obvious than in the stock market. “Every day apparently intelligent people essentially declare themselves competent investors, as if the act of deciding somehow makes it true,” says Steven Grey in The Myth of the Casually Competent Investor.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.
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Investment guru Allan Gray was a noble pioneer, say colleaguesColleagues describe late founder of SA's largest privately owned investment firm as an investment genius whose integrity and courage set him apart
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