The Psychology of Investing- 2013 Investment Forum This year's Investment Forum, co-hosted by SVA Plumb Financial and SVA, was held on October 2nd in Madison...
My question for this is two-fold.
One, where was this perspective BEFORE the Financial Crisis of 2007-08?
Second, how can they expect to produce a healthy investor who's able to function mentally and in the market if they constantly emphasize suppression of natural inclinations?
Wouldn't it be better to emotionally and passionately go after money using these rational and counter-bias techniques? Wouldn't it be easier and more effective for the investors to passionately tamper their greed and their loss aversion to accept loss and avoid higher risk taking behavior? After all, the cool rational mind isn't going to work, because it is secondary to the emotional mind, quite literally, resting higher up in the brain than the emotional mind.
If you're able to counter the "greed bias", why couldn't you counter that same inclination if it leads to non-monetary costs? Whatever happened to being a human investor in search of value to him/herself in the larger sense of self, rather than a robotic investor who's only concerned with his/her small-sense of self at the expense of both his/her larger and smaller sense of self?
What a concept, that money isn't the be all and end all of the actual economy!
And yet, it's these same folks and this same logic that's still operating at the helm of our social world, steering us all into inevitable death, destruction and potential misery (IF we survive).
Think about it.