Ignorance Really Is Bliss When it Comes to Investing

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The opening shot in “Animal House” pans across the campus of idyllic Faber College, focusing on a statue of its founder inscribed with the words “KNOWLEDGE IS GOOD.”

The statement is so obvious as to be laughable—the perfect way to kick off an hour and 49 minutes of not-so-subtle humor. But is knowing more always good? In investing at least, it isn’t. It could even hurt.

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