Dunning Kruger Dugar effect
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Alternative titles:
- Deep dives can result in you flipping sides (even multiple times)
- Laut ke buddhu ghar ko aaye but saath me experience laaye?
Often times when we read something when we get on top of the dunning kruger curve we look down upon common people and think that we know better hence we can leverage that positional benefit
Examples:
SIP
- Common people do SIP, coz they often lack financial discipline and SIP is a sure shot compulsion move to deduct money and invest automatically. A no brainer for most.
- people who study a lil about stocks understands technical and fundamental analysis do Swing trading and get happy about some profits (often times ignore losses) and mostly end up earning lesser than SIP. they cannot track truly how SIP would have functioned over long time!
- After doing a lot of Swing, people often realise that SIP is better Market Simulator proved that. But the intent changes, level 3 people do it with the understanding of markets.
Is it better to be an informed SIPian than a mindless one?
Fatty food
- common people often eat fatty food
- Mid Smart folks minimize it and ofetn get obsessed with zero oil food
- But wise understand that fat is also important for body, for not just energy storage, but also enveloping and absorbing toxins which allows body to tolerate it.