Destructive Overconfidence

Talking Real Money - Investing Talk

Don McDonald

Investing, Education, Business, How To

4.5 • 810 Ratings

🗓️ 26 January 2023

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The vast majority of people believe themselves to be above average. That is statistically impossible. One area in which you are dangerously overconfident is investing, and it shows. Then, a listener wonders if he should use some extra income to invest for retirement or pay off a car loan? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Exclusively on Disney Plus.
0:02.0	It's hard and it's brutal and that's what makes it special.
0:06.0	The multi-award winning series, FX's The Bear, is back for a brand new season.
0:11.0	Upon my signal, unleash hell.
0:15.0	And every second counts.
0:17.0	When that shows zero, this restaurant ceases operations.
0:21.8	FX is the bear.
0:22.7	Shut!
0:23.1	New season now streaming exclusively on Disney Plus.
0:27.0	18 plus subscription required season C's apply.
0:34.9	Reality radio for a really great future.
0:38.0	We're talking real money.
0:41.2	Hey, oh, I know that.
0:43.1	I totally know that.
0:45.0	I know more about that than anybody.
0:47.7	I am just so smart.
0:50.2	Oh, my goodness.
0:51.8	I can't believe you said that.
0:54.0	You're wrong. I'm right. I am. Ladies and gentlemen,
0:58.6	overconfident. Wait, not just overconfident. I am brimming with overconfidence like so many of you.
1:07.8	I'm Don. That's Tom talking real money. And today we're talking about brimming
1:12.6	with over confidence. You know, it's a fascinating thing. Most of us, is that too slow?
	...

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