Individual Investors Have an Incredible Advantage Over Wall Street
Do I want to own my own destiny?
Have you ever wondered if finance professionals truly hold all the cards when it comes to investments? From the era of legendary traders to the present day, the image of an investment banking analyst appears dazzling: stylish suits, impressive buildings, and an aura of financial knowledge that inspires confidence.
But here's the twist: investing as an individual investor comes with its own set of advantages, and at times, you can outshine even the Wall Street titans. The key lies in identifying their shortcomings where you, I, or anyone present here can step in.
Now, what seems foolish is attempting to beat Wall Street by allocating 20% to Coca-Cola stocks, 30% to Apple, and so on. They have far more information than we do; they meet with CEOs and representatives of major central banks. Today, let's delve deeper into where we can make our mark:
Clear-Minded Decision-Making: Beyond Kahneman
Daniel Kahneman, the Nobel Prize-winning economist, made it clear in his bestseller "T…