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How To Invest In An Era Of $100 Trillion Financial Obligations

How To Invest In An Era Of $100 Trillion Financial Obligations

“The four most expensive words in the English language are ‘this time it’s different.’” It’s different this time, and it’s also not different this time. It’s different this time because the credit-driven U.S. economy is burdened with a monumental level of financial obligations relative to GDP.

NASDAQ:  Overconfidence Bias

NASDAQ: Overconfidence Bias

What does it mean to be “overconfident?” In technical terms, it means that a person’s subjective confidence in his or her own judgment, ability, or belief is greater than the objective accuracy of that judgment, ability, or belief.