6. The Myths of Wall Street
The cowboy/philosopher/humorist Will Rogers said, "It isn't what we don't know that gives us trouble, it's what we know that ain't so." That is particularly true when it comes to the stock market. It is quite easy to believe things about the market that are just flat-out wrong. The average investor is overwhelmed with sincere and well-meaning advice and wisdom about the markets. But when you carefully evaluate many of the basic beliefs, concepts, and ideas, it becomes obvious that much of them are based on flawed fundamental thinking.
False beliefs about the stock market occur largely because Wall Street doesn't really cater to the average individual investor. As I've mentioned, the interests of advisors and traditional ...
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