— Charlie Munger One of prospect theory’s most important contributions to finance is loss aversion, the idea that for most people, losses loom larger than corresponding gains. The empirical evidence suggests we feel losses about two to two-and-a-half times more than we feel gains. Loss aversion is a clear-cut deviation from expected utility theory.” —
Tag: Fear
So nature has kind of tuned us to look at the negative side…
— Dan Ariely Why does cash feel so different? The agony of parting with our money has to do with the saliency of, do we see this money going away? And it has to do with the timing of whether the money is going away at the same time we’re consuming.” “For example, we find
Fear has a greater grasp on human action than does the impressive weight of historical evidence
— Jermey J. Siegel No one is asking you not to feel the fear, because there are very few of us who ever actually become immune to the emotion. You have to be who you are, and you have to fell what you feel. You simply have to refuse to act on the feeling.” — Nick Murray from
Don’t fear failure…
— Bill Gates Don’t fear failure…. Don’t let it eat at you. Don’t look back. Just keep going. You’re going to have some things, but forget them. Go forward.”
Think of it this way: By entertaining some mindful decision-making about your investments, you just might eliminate any fears and anxiety you may have about your financial future. How’s that for a payoff? …
Dividends still don’t lie p. 6 The three activities [for successful investing] are nothing more than being mindful about your investments and investment decisions. You put thought and consideration into other critical areas of your life, why shouldn’t you do the same about your investments? Think of it this way: By entertaining some mindful decision-making
Fear nothing — failing that, fake it!
— Felix Dennis Fear nothing — failing that, fake it!”