There’s an old saying in investing: The market can stay irrational longer than you can remain solvent.
Why is that?
Well, it has a lot to do with how humans make decisions. It’s not alway — or even often — rational.
And today’s expert, behavioral economist Peter Atwater, adjunct professor at William & Mary College, has long affirmed that changes in confidence consistently and predictably impact investor preferences, decisions and actions.
He’s out with a brand new book, The Confidence Map: Charting a Path from Chaos to Clarity, that shares a groundbreaking framework for making better decisions — in investing and in life in general — by understanding – and mastering – confidence.
We’ll also ask him what his key confidence indicators are telling him about the prospects for the rest of 2023.
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