7 Investor Tools to Fight Misinformation: If You Like It, Don't Trust It

By The Motley Fool13 days ago

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On Wall Street, information is power. Investors increase their potential to profit by knowing more than the person on the other side of each transaction. But some unscrupulous folks don't stop at simply gathering better intelligence. They aim to cash in by spreading lies that mislead and misdirect ordinary investors like you -- making themselves rich at your expense. But with persistence and a little know-how, you can protect yourself, your friends and family, and your money from making these kinds of costly mistakes.

“Life is pain, Highness. Anyone who says otherwise is selling something.“-- William Goldman, The Princess Bride.

Misinformation rarely insults us. Instead, it flatters. We like to think that the things we already know and believe are correct, and when we receive information that confirms this, we feel satisfied and happy. This holds true for everyone. Even you.

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