Is Confidence Good or Bad for Investors?

Last Updated May 3, 2010 9:23 AM EDT

We've spoken about how overconfidence can cause you to take excessive amounts of risk and how it can cause you to think you're in better financial shape than you actually are. In the video below, I further discuss overconfidence when it comes to investing.

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    Larry Swedroe is director of research for The BAM Alliance. He has authored or co-authored 13 books, including his most recent, Think, Act, and Invest Like Warren Buffett. His opinions and comments expressed on this site are his own and may not accurately reflect those of the firm.