6 Comments
Sep 28Liked by Joachim Klement

Couldn't agree more. This is so true not only in investment but in other aspects of life ..our health, relationship etc.

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Sep 28Liked by Joachim Klement

Psychology, money and humans...The Dutch are notoriously over-insured and they also save like mad.

And most of them have funeral insurance although they can easily pay for it from their savings...

The day economists realise they're psychologists will mark a significant improvement of the field.

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interesting analogies and good heads-up to the referred study. That said, for retail investors, the danger of overtrading might be bigger than that of ignoring losses?

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