Five deeply ingrained misconceptions about the market

Too many investors believe the stock market is predictable.Richard Drew/AP Photo

“Just 20 years ago, 29 per cent of the world population lived in extreme poverty. Now that number is nine per cent.”

This is one of many interesting facts in a Hans Rosling book, Factfulness — Ten Reasons We’re Wrong About the World and Why Things Are Better Than You Think, in which he endeavours to correct misconceptions about the state of our planet.

Unfortunately, the investment industry also has its share of deeply ingrained misconceptions. Here are five of them.

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