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Economics in Plain English
Is Trading Stocks for Suckers?
Jul 01, 2014
From books to television, the business of telling people how to trade stocks is booming. But the very idea that we can consistently beat the market is flawed. Last year, two economists won the Nobel Prize for explaining why active traders are engaging in a high-stakes game of heads-or-tails when they bet on the short-term gyrations of public valuations. Why are so many Americans seduced by the randomness of stocks, and why are we so easily duped by the allure of “beating” the market? Let us explain.
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Author: Derek Thompson
About This Series
Derek Thompson answers questions from readers about business and money.