17. The Seduction Of Pessimism - Deepstash

17. The Seduction Of Pessimism

  • Pessimism just sounds smarter and more plausible than optimism.
  • Tell someone that everything will be great and they’re likely to either shrug you off or offer a skeptical eye. Tell someone they’re in danger and you have their undivided attention.
  • If a smart person tells me they have a stock pick that’s going to rise 10-fold in the next year, I will immediately write them off as full of nonsense.
  • If someone who’s full of nonsense tells me that a stock I own is about to collapse because it’s an accounting fraud, I will clear my calendar and listen to their every word.

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ianpuang

Welcome, I post what i read Everything I post is in the book, I'll quote it if it's my own opinion

The idea is part of this collection:

The Psychology of Money

Learn more about moneyandinvestments with this collection

How to develop a healthy relationship with money

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The impact of emotions on financial decisions

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