Daniel Kahneman’s top advice: Don’t churn accounts
Renowned behavioral economist Daniel Kahneman says advisers must recognize the cost and futility of betting against the market and trading too much.
Asked to crystallize a career of studying how people think into one bit of guidance for financial advisers, the Nobel laureate Daniel Kahneman didn't hesitate.
His advice: "Don't churn" accounts and trade too much.
"Don't trust your own confidence, he said Tuesday, in a keynote address at a conferen
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