JMF Capstone Wealth ManagementOverconfident Enemy In Mirror – JMF Capstone Wealth Management https://www.jmfcapstone.com An Alabama registered investment advisor Fri, 21 Nov 2025 19:30:19 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.22 Overconfident Enemy In Mirror https://www.jmfcapstone.com/2016/05/30/overconfident-enemy-in-mirror/ https://www.jmfcapstone.com/2016/05/30/overconfident-enemy-in-mirror/#respond Mon, 30 May 2016 09:00:26 +0000 http://evolvemypractice.com/?p=2823 One of the questions I’m most often asked by reporters covering finance is: “What are the biggest risks facing investors?” My usual response is that the biggest risk confronting most investors is staring right back at them when they look in the mirror. And there’s plenty of academic research to support that view. Much of...

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]]> One of the questions I’m most often asked by reporters covering finance is: “What are the biggest risks facing investors?” My usual response is that the biggest risk confronting most investors is staring right back at them when they look in the mirror. And there’s plenty of academic research to support that view.

Much of that research comes from the field of behavioral finance, which is the study of human behavior and how that behavior leads to investment errors, including the mispricing of assets, thus demonstrating investors aren’t always fully rational, and that markets aren’t perfectly efficient.

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