Actively seeking diverse viewpoints may improve returns when investing in stocks. Investing according to an “echo chamber” that reproduces and reinforces prior opinions, however, can severely drag on performance.
New research by Joey Engelberg, Will Mullins, and J. Anthony Cookson shows investors tend not to seek information that challenges their perceptions. Instead, they choose to disproportionately consume information from other investors who share their beliefs.
Join us Wednesday, March 29th, when we welcome Joseph E. Engelberg, Ph.D., Chief Research Officer at Counterpoint Mutal Funds, when he presents this thought-provoking presentation.