Why Do Investors Keep Falling for Wall Street's Guesswork?

They then persist in forecasting to cover up their errors and appear adaptive to market changes.S&P 500

Suddenly, mid-year updates come out, and surprise, surprise—they're all revised upward to match the market's climb.Why Do Investors Continue to Believe These Forecasts? And then there's the illusion of expertise. You throw a few terms around at a family dinner, maybe name-drop Nvidia because it's hot that week, and suddenly you're the investing guru of the family.

So maybe it's time we embrace being the boring family member who talks about index funds over turkey. Because while others chase quick wins, we're in it for the long haul.

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