The Dunning-Kruger effect is a cognitive bias where individuals with limited knowledge or competence in a particular domain greatly overestimate their own expertise.
The kids in here, I am guessing most people who post are under 25, or maybe they are just really dumb, show shocking overconfidence in their investments. You realize this shit is hard and you really have no idea which way a stock will go, right?
The stocks I am noticing with the most people showing the The Dunning-Kruger effect. **ASTS, RDDT, RKLB, PLTR, NVDA, NBIS.** Does that mean they can't go up? No. But it does mean everyone on this sub who thinks they are Einstein because they have been investing for three years during the greatest bull run ever own these.
Here are the other sectors I noticed had the Dunning- Kruger effect over the years. Crypto (blew up), 3d printing (blew up), weed stocks (blew up), internet stocks (blew up), housing before the gfc (blew up), SPACS (blew up), ARKK investors (blew up but has bounced back some), Gene Editing (blew up).
See a pattern? The hype around this sub among the most novice and inexperience investors around AI, AI Infrastructure, and Space should scare anyone that has even a little experience in investing.
Some advice, I am sure the people here wont take it because part of the Dunning-Kruger effect is refusing to listen anyone with a different opinion, if you are an AI bull you should spend most your time reading AI bubble material, and vice versa. You need to stop calling any info that disagrees with you FUD. You need to open your mind to the idea you could be wrong.
I am bearish AI and Space because I see the hype and crash cycle playing out again, but I admit I could be wrong and AI could be so transformative that the old rules don't apply.