Yahoo and other bubbles...when will they burst? Message Board

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Strategies & Market Trends : Yahoo and other bubbles...when will they burst?

YHOO 52.58

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Jun 26 5:00 PM EST

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To: marion (Hijacked) who wrote (17)	1/31/1999 11:29:00 PM
From: marion (Hijacked)	Read Replies (2) of 139

An interesting view from a story in the Chicago Tribune: <<Investors evaluate themselves, not companies. They decide that their intuition, expertise, confidence, gut feeling -- call it what you will -- is superior to other investors' in picking winners, and, just as important, in guessing when the contest will end. In a survey cited by Patel, 80 percent of automobile drivers considered themselves above-average drivers, while, of course, only 50 percent could actually be above average. The human tendency toward overconfidence explains the Internet craze better than any facts or predictions about the Internet phenomenon or individual companies. Overconfidence among investors is hardly a ''new paradigm'' -- the loose term used by Internet stock promoters.>> kentuckyconnect.com

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