Image Credit: Alex Nabaum
By Jason Zweig |  Feb. 22, 2019 11:00 a.m. ET
For decades, Wall Street has claimed that professional investors are “the smart money†and individuals “the dumb money.†That’s been one of the most cynically lucrative propaganda campaigns in history, with billions of dollars in fees and commissions flowing to people who didn’t turn out to be smart at all.
Investors on Main Street are nowhere near as naive as Wall Street has long contended. That’s the finding of recent research that casts new doubt on the distinction between smart and dumb money.…
To read the rest of the column:
https://www.wsj.com/articles/wall-street-has-it-wrong-youre-a-smart-investor-11550851234
For further reading:
Books:
Benjamin Graham, The Intelligent Investor
Jason Zweig, The Devil’s Financial Dictionary
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Little Book of Safe Money
Articles and other resources: