Some are, but others, personal friends even, aren't able to be honest with themselves. They're the type who're smart enough to rationalize themselves into gambling, but not smart enough to rationalize themselves out of it.
Reading about stocks, and hype is fun. Reading 10-Ks and building risk models is not.
Even nudging them in that direction is met with the skepticism and ridicule of responses like "Why would I do that?" as if suggesting the idea of doing actual financial analysis has made me grow a second head.
Reading about stocks, and hype is fun. Reading 10-Ks and building risk models is not.
Even nudging them in that direction is met with the skepticism and ridicule of responses like "Why would I do that?" as if suggesting the idea of doing actual financial analysis has made me grow a second head.