top of page
Search

Being a "Non-Stupid" Investor is a Good Thing.

  • Writer: Julie Skye
    Julie Skye
  • May 25, 2019
  • 1 min read

The 5-Laws Of Human Stupidity & How To Be A “Non-Stupid” Investor

by Lance Roberts of Real Investment Advice, 5/20/19 Is a good, but long, read.

This past weekend, I was digging through some old articles and ran across one that needed to be readdressed on“human stupidity” as it relates to investing.

The background was a study done in 1976 by a professor of economic history at the University of California, Berkeley. Carol M. Cipolla published an essay outlining the fundamental laws of a force he perceived as humanity’s greatest existential threat: Stupidity.

Stupid people, according to Cipolla, share several identifying traits:

they are abundant,they are irrational, and;they cause problems for others without apparent benefit to themselves

The result is that “stupidity” lowers society’s total well-being and there are no defenses against stupidity. According to Cipolla:

https://www.advisorperspectives.com/commentaries/2019/05/20/the-5-laws-of-human-stupidity-how-to-be-a-non-stupid-investor?bt_ee=2M1GUE%2B1KUucDNBYXDkAPMcd7I00rWaKD6ktE6DJ5AT1DznnnFZKm9wZ3iY53krd&bt_ts=1558712038982

 
 
 

Comments

SAA-Logo-Horiz-white.png

​

© 2024 Sustainable Advisors Alliance LLC. All Rights Reserved

 

Sustainable Advisors Alliance, LLC (“SAA”) is a registered investment advisor registered with the SEC. Registration does not imply a certain level of skill or training. The presence of this website on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. Follow-up or individualized responses to consumers in a particular state by SAA in the rendering of personalized investment advice for compensation shall not be made without our first complying with jurisdiction requirements or pursuant an applicable state exemption. Investing involves risk, including the potential for loss of principal.  There is no guarantee that any investment plan or strategy will be successful.

​

All written content on this site is for information purposes only. Opinions expressed herein are solely those of SAA, unless otherwise specifically cited.  Material presented is believed to be from reliable sources and no representations are made by our firm as to other parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.

bottom of page