Why Bear Markets Are So Painful
Over the last few years I’ve paid much closer attention to the burgeoning field of behavior economics. After 30 years in the wealth advisory business it is gratifying to witness the ivory towers of academia finally come to terms with the fact that most individuals make investment decisions based primarily on their emotions. For those of us who operate in the real world I would call this a blinding glimpse into the obvious!
As we all experienced the stock market’s most recent, and to be fully expected, volatility on the downside, one of my favourite financial bloggers, Ben Carson, has a few words of wisdom on this topic. To read his blog, “Why Bear Markets Are So Painful” please click here.