I copied this passage into my notebook and come back to it every now and then.
There’s a lesson in *Predictably Irrational*:
Ariely showed that people are predictably irrational. Losing 10,000 hurts more when it’s on a coin you chose yourself, because it was your choice. That pain makes you stubbornly hold on and refuse to admit you were wrong.
Take today’s $ETH , for example: it’s at 2,379, down 1.53% over 24 hours. This kind of market action is a perfect illustration of the lesson above. It’s no coincidence—it’s human nature repeating itself in the market.
We’ve all heard the lesson. The hard part is putting it into practice when the moment comes.
The market is what it is. Getting anxious won’t help.
#ETH #投资哲学 #交易心态 #Crypto
There’s a lesson in *Predictably Irrational*:
Ariely showed that people are predictably irrational. Losing 10,000 hurts more when it’s on a coin you chose yourself, because it was your choice. That pain makes you stubbornly hold on and refuse to admit you were wrong.
Take today’s $ETH , for example: it’s at 2,379, down 1.53% over 24 hours. This kind of market action is a perfect illustration of the lesson above. It’s no coincidence—it’s human nature repeating itself in the market.
We’ve all heard the lesson. The hard part is putting it into practice when the moment comes.
The market is what it is. Getting anxious won’t help.
#ETH #投资哲学 #交易心态 #Crypto