How social media convinces investors they’re the next Warren Buffett — or smarter

1. Social media users overtrade and incur excessive risks, impacting investments. 2. Investors often have overconfidence due to subjective knowledge vs objective knowledge. 3. Frequent trading leads to underperformance; high-risk stocks are popular among users. 4. Overconfident investors might take early withdrawals from retirement accounts, harming futures. 5. Humility and objective knowledge are crucial for safer investment strategies.