7 Investor Tools to Fight Misinformation: Listen to Experts

By The Motley Fool8 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. 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.

“If experience is necessary for being President, name a political topic I can't master in one hour under the tutelage of experts.“-- Scott Adams, creator of Dilbert, July 28, 2016.

We all think we're smart. Really smart. Smarter than average. Multiple surveys report that a majority of Americans -- 65%, according to one 2018 research paper covering two different surveys of more than 2,000 people each -- believe they possess above-average intelligence, even though that's statistically impossible. (After all, only 50% of anything can ever be above average.)

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