What is expert advice worth on the stock market?

How seriously should you take their forecasts? Does an understanding of economics and the capital market give you tools to peer into the future?

A paper by psychology professors Gustaf Torngren and Henry Montgomery of Stockholm University - "Worse Than Chance? Performance and Confidence among Professionals and Laypeople in the Stock Market" - demonstrates that Lao Tzu nailed it on the head. Full Story »

Posted by Derek Hawkins

See All Reviews »

Review

Michael Todd
3.6
by Michael Todd - Nov. 15, 2009

I quibble with the point of the exercise -- the unwarranted confidence angle -- was slow in surfacing, but I still recommedn this article to all investors (and by extension to all who deal with expert prognostication) anbout trusting anyone's skills implicitly.

See All Reviews »

Michael's Rating

Overall
3.6

Good
from 11 answers
Quality
3.5
Facts
4.0
Fairness
3.0
Sourcing
3.0
Style
4.0
Context
4.0
Depth
2.0
Enterprise
2.0
Relevance
5.0
Popularity
4.0
Recommendation
4.0
Credibility
4.0
More How our ratings work »