Posted by on Feb 25, 2019 in Articles & Advice, Blog, Columns, Featured |

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:

For further reading:


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:

Just How Dumb Are Investors?

Has There Ever Been a Better Time to Be an Investor?

A Portrait of the Investing Columnist as a (Very) Young Man