Overconfidence
Risk & psychologySystematically overestimating the reliability of your own judgement.
In plain terms
Bull markets manufacture it, and position sizes grow to match the feeling rather than the evidence.
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 1 term
Systematically overestimating the reliability of your own judgement.
Bull markets manufacture it, and position sizes grow to match the feeling rather than the evidence.