The Average Investor's Return Is

There Are Domains In Which Expertise Is Not Possible. Stock Picking Is A Good Example. And In Long-term Political Strategic Forecasting, It's Been Shown That Experts Are Just Not Better Than A Dice-throwing Monkey.

An Individual Who Expresses High Confidence Probably Has A Good Story, Which May Or May Not Be True.

If Owning Stocks Is A Long-term Project For You, Following Their Changes Constantly Is A Very, Very Bad Idea. It's The Worst Possible Thing You Can Do, Because People Are So Sensitive To Short-term Losses. If You Count Your Money Every Day, You'll Be Miserable.

Experts Don't Know Exactly Where The Boundaries Of Their Expertise Are.

My Impression Is That The Elimination Of Memories Greatly Reduces The Value Of The Experience.