Beware of Finfluencers

StatsEdgeTrading

In the latest episode of Line Your Own Pockets, we dive into the intriguing world of social media's influence on trading with Dr. Sead Kazur from Louisiana State University. He shares research findings that challenge the popular belief in following finance influencers, revealing that those with the most followers often have the worst investment advice. The conversation explores how biases and groupthink lead to poor trading decisions, with surprising data showing that the more popular someone is on platforms like StockTwits, the more "anti-skilled" they tend to be. Tune in to learn why doing the opposite of influencers might just be the smartest move!

Catch the full conversation on the podcast—perfect for anyone serious about developing a smarter, more systematic approach to trading.