"...Behavioral and neuroscientific evidence has shown in multiple studies that the fear of missing out is more motivating than the fear of losing money or the the knowledge that you have a better chance of making money if you wait.(Weber & Johnson, Columbia)
What can you do? You know this happens and after-wards you say "how stupid" and promise not to do it again. But then...
The key lies in developing an awareness level of your own feelings, urges and motivations that equals or even surpasses that of your awareness of what the markets are doing.
Using that valuable knowledge of your own biases, impulses and feelings can literally be the very best risk management tool you have!..."
Posts
As the Los Angeles Wildfires Continue, Restaurants Rise Up
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Even as it faces economic setbacks of its own, the hospitality industry is
stepping up to feed emergency workers and evacuees.
53 minutes ago
Are they watching me?
ReplyDeletei get caught up in the 'fear of missing' dyanmic pretty often...it is almost a constant companion over here!
ReplyDelete