Don’t Blink! The Hazards of Confidence
This article cites Professor Brad Barber’s recent research showing that, on average, the most active traders had the poorest results, while those who traded the least earned the highest returns. In another paper, “Boys Will Be Boys,” Barber and colleague Terry Odean reported that men act on their useless ideas significantly more often than women do, and that as a result women achieve better investment results than men.
