A friend is undergoing social media detoxification and is no longer following up on interesting developments in the personal finance space. When I asked him why, he replied with one of the most hilarious quips I heard last week :

Some of these spaces have discussions that are so pointless, these forums should be re-purposed to become a research platform for social psychologists to study the Dunning-Kruger effect.

So delightfully vicious !

But I need to reflect on this exchange so I thought I should put up some information on this effect because it is vitally important that, in my course, we address this issue to the best of my ability. Students pay good money to attend an investing workshop to pick up Early Retirement skills, it is reasonable to say that some will become over-confident after a few rounds of dividends pay-outs. After that, some of them will confuse their luck with