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Charlotte Pendragon's avatar

Your information helps me understand shopaholics and how they get a drug fix making purchases. I can understand how that can happen, because I know the rise in my mood when I buy a new pair of shoes. Your greatly curated article is a must read! Thank you!

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Patrick Muindi's avatar

Great article, Tha, and on a fascinating topic. There's a reason why my writing is mostly on human nature: I believe knowing about this subject is the most important thing. Things like greed, fear, irrationality, myopia, overconfidence...

These things make us miscalculate terribly. We sink relationships, make foolish investment decisions, start wars, compromise governance, etc. Investment, as Morgan Housel likes to say, is less about money and more about human nature. He's right. Money is a tool, trading and investment a game ... a game that needs more psychology than finance.

I'm always fascinated about money, partly because my training is in economics. But I love decoding the secrets of human nature, which is why I love reading and writing far more.

I believe subjects as the one you explore here are important. They matter in teaching that most of the time, we cannot win if we don't understand psychology. Knowing why people behave as they do is important; it's important in knowing who will gain, increase, and/or lose their money. It's important in knowing who to bet on, for where people's minds are, that's where money will be.

Commendable thinking, Tha. Thank you.

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