Anyone see this article ? .. see it know .. don't know how to shorten the link, sorry.
Heres the summary ,, kinda of fun reading. Really not sure waht the article is trying to get at. Another case of trying to make opinions, fact? ...So as to confuse what an opinion and a fact is.
Think you're different? Here's a simple test. First answer these three questions.
1. Are average market returns okay? Or can you beat the market?
2. Are expenses critical in buying. Or do higher returns cover expenses?
3. Is a diversified portfolio the trick? Or, picking the right securities?
If you're a faith-based Boglehead matching the market is OK. You buy no-loads and trust asset allocation. If you're a faith-based Mad-Money Mobster, you hate the idea of being "average." You're a risk-taker who's challenged by the market. You know what I'm getting at: Either way you're a faith-based investor, your brain's belief system makes your decisions automatically and facts are irrelevant. Admit it!
Now for some good news (and the real test): Neuroscientists are now telling us your bio-computer isn't really "hardwired," it has "plasticity." Your brain is "reprogrammable!" But (and here's the catch) reprogramming takes some work. You may need to spend less time on investing and more time challenging your brain with new things, like juggling, dancing, puzzles, ping pong or learning how to play musical instrument or a new language.
If you are a true faith-based investor, your brain just said: What a silly term, "plasticity," forget it, just another "irrelevant fact!" Or something like: Is he nuts? I don't have the time to learn juggling or do puzzles, I'm already doing too much juggling at work. Gotcha? End of Story
EDIT: Shortened URL