Ronald Read died at age 92 with assets over US$8M. Having worked as a gas station attendant for over 20 years and later swept floors at a department store, many were shocked at his accumulated wealth. There is no other industry in the world besides investing where an inexperienced person is able to get a leg up on the best and brightest. Why is this so?

Congratulations! You’ve studied hard, completed your exams, and are now armed with your degree or diploma — what now?

A philosopher once said that nothing is as difficult for people as not deceiving themselves. But while most self-delusions are relatively costless, those relating to investments come with a hefty price tag.