Outsource conviction at your peril

Following influencers without understanding the underlying reasons for an investment can lead to poor decision-making. If the influencer's reasons for conviction change or prove to be wrong, the investor is left exposed without a solid understanding of their investment. The "borrowed conviction" can create a false sense of security, leading to larger and riskier investments than one would normally make. This is especially dangerous in volatile markets or with speculative assets. True conviction stems from thorough research, understanding the risks and potential rewards, and aligning the investment with one's own financial goals and risk tolerance. Relying on external sources without doing the work yourself undermines this process.