I admit it. I’m not perfect. It’s possible I possess a quality or two that occasionally drive my wife crazy (not in a good way). I’m really curious to hear her response upon reading this, btw.
One of those qualities is that I’m annoyingly, obsessively rational. Sometimes this may make me come off as “cold” or blunt, which isn’t always ideal, but it does make me extremely well-suited to manage money.
The reason this quality is an advantage in investing is because markets are not always rational precisely because market participants aren’t always rational. In fact, people become quite emotional when it comes to their money…understandably so. But that means people who can leave emotions out of it and remain objective have an advantage over time. Continue reading “This Quality Drives My Wife Nuts”
