Monday, August 26, 2013

21 Ways Rich People Think Differently

11. Average people believe the markets are driven by logic and strategy. Rich people know they're driven by emotion and greed.



Investing successfully in the stock market isn't just about a fancy math formula.

"The rich know that the primary emotions that drive financial markets are fear and greed, and they factor this into all trades and trends they observe," Siebold writes.

"This knowledge of human nature and its overlapping impact on trading give them strategic advantage in building greater wealth through leverage."

Source here.
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