Why are many posters on ET afflicted with the Dunning Kreuger effect?

[themickey]

Like Warren buffet noted, when Noah built the Ark it was NOT raining

Bedtime stories are a wonderful thing.

 

[SunTrader]

Speaking of luck on 9-11.

On 9-10, the day prior to 911, Donald Rumsfeld in front of the press was pissed off - the Pentagon could not account for $2.3T which back than was larger than the entire governments annual budget.

The damage done on 911 to the Pentagon happened to be where their accounting computers were located, the only backups were at the WTC - the paper trail for the missing $2.3T was completely destroyed at different locations, how lucky is that?

The Pentagon in one day went from being under a major investigation over the missing $2.3T, to having it overlooked & a new budget to the moon. 911 was the ultimate miracle for the pentagon.

https://www.politifact.com/factchec...on-did-not-report-trillions-of-dollars-missi/

 

[Laissez Faire]

The worst part is that this second friend will think they are brilliant and a savvy investor/trader.

Yes.

The only time I saw him humble over the last ten years is after the Covid plunge and he was expecting a recovery that would take years. But as luck would have it we recovered that quickly, too.

 

[murray t turtle]

I’m a recovering 9/11 inside job truther - no longer going down rabbit holes.

Lot’s of good (and rational) info in this vid about WTC 7;

https://x.com/brentleesdcic/status/1647749917601873922?s=46&t=RtbvMjSZB-E4IMCIlJrlWA

%%
Building # 7 also known as 7 WTC, Salomon Building , had the INS + IRS in it also

 

[ironchef]

"The Dunning-Kruger effect effect occurs when a person's lack of knowledge and skills in a certain area cause them to overestimate their own competence

Squeak up.

It is called self esteem.

 

[zghorner]

"The Dunning-Kruger effect effect occurs when a person's lack of knowledge and skills in a certain area cause them to overestimate their own competence

Squeak up.

not just ET...everywhere.

 

[Bad_Badness]

When It Comes To Financial Windfalls Of Disasters, Someone In America ALWAYS Knows What’s About To Happen

To me this was an example of being experienced in the market. Go back and look at the 5 days before the event. Notice the volume and the price stagnation. Also note where it was sitting on a cliff. So I went short, but did 2x ETF NQ and ES because it was nearing Oct. Then did 2x allocation because it was sitting there too long for a bounce.

OTH took the money on the open after about 4 hours, because I was too paranoid about a retest, war etc. Left about 4x on the table in 3 days.

 

[schizo]

"The Dunning-Kruger effect effect occurs when a person's lack of knowledge and skills in a certain area cause them to overestimate their own competence

Squeak up.

Mental masturbation, pure and simple. But this ain't just the problem among traders. It's especially prevalent among the "elites" in the academic circles. Made me sick when I was in school.

 

[johnlaflamme]

This phenomenon occurs because individuals who lack knowledge or skills in a particular area may not possess the competence to accurately judge their own performance. Instead, they often mistakenly believe they are more competent than they actually are.

 

[Windlesham1]

https://www.politifact.com/factchec...on-did-not-report-trillions-of-dollars-missi/

Joe Rogan -about as useful as Trump although without killing 460,000 Americans
Here's the grown ups: https://apnews.com/article/fact-check-us-government-trillions-lost-sept-11-670264168912