Status Anxiety or: how our neighbours make us worse investors
klementoninvesting.substack.com
Note: This post has originally been published on the CFA Institute Enterprising Investor Blog on 14 August 2019. The French philosopher Jean-Paul Sartre’s wonderful play No Exit, or Huit Clos in the original French, culminates in the famous exclamation “L’enfer, c’est les autres” — “Hell is other people.” The expression doesn’t mean that other people make our lives hell, but rather that we observe ourselves through their eyes, turning ourselves into objects of comparison and forever using their yardstick as the true measure of our worth. And it doesn’t make us feel good.
Status Anxiety or: how our neighbours make us worse investors
Status Anxiety or: how our neighbours make us…
Status Anxiety or: how our neighbours make us worse investors
Note: This post has originally been published on the CFA Institute Enterprising Investor Blog on 14 August 2019. The French philosopher Jean-Paul Sartre’s wonderful play No Exit, or Huit Clos in the original French, culminates in the famous exclamation “L’enfer, c’est les autres” — “Hell is other people.” The expression doesn’t mean that other people make our lives hell, but rather that we observe ourselves through their eyes, turning ourselves into objects of comparison and forever using their yardstick as the true measure of our worth. And it doesn’t make us feel good.