Krugman's "How Did Economists get it so Wrong" redux

Reread it. Any one who "invests" or thinks they want a lot of it. Money that is, needs to read this and understand the incredible risks in blindly trusting "professionals" and history. History, as in "the market always comes back".

Two great quotes.

One in relation to behavioral finance:

Probably the most influential paper in this vein was a 1997 publication by Andrei Shleifer of Harvard and Robert Vishny of Chicago, which amounted to a formalization of the old line that “the market can stay irrational longer than you can stay solvent.”

Second one:

...good time to recall the words of H. L. Mencken: “There is always an easy solution to every human problem — neat, plausible and wrong.”

[Emphasis mine]

Read or reread Krugman's piece at NYTimes.com.
Ignore doing your own due diligence at your own peril.