Dan Gilbert: Why We Make Bad Decisions

By Lawrence

Mr. Gilbert tells us how we keep making bad decisions even though we know clearly how not to. It is one of the original Ted Talks that really drive home the difficulties of making sound decisions that involve both time and money.

Note: Be reminded that it is a long talk at 34 minutes.

Perception matters.

Most of the time, it is our worse enemy in trading.

It takes practice to hammer into our mind making rational decisions only in trading.

It takes more than just practice to be patient in trading. Not an easy task at all.

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