Michal Bodi

Wednesday 10 February 2016

Why pessimism always sound so damn smart...?

Having faith in the future is one of the most common topics I cover with my clients. It’s one of the golden principles of investing. It’s close to impossible to make a good investor out of someone whose outlook on life is (or can become) negative.
Being aware of it is tricky. It may sound like one of those touchy-feely conversations. It may sound easy and not important…it can’t be further away from the truth.

Why? Pessimism is not only more common than optimism, it also sounds smarter. It's intellectually captivating, and paid more attention to than the optimist who is often viewed as an oblivious sucker.
‘Don't worry, stay the course, we'll be alright’ is easy to ignore since it doesn't require doing anything. Pessimism requires action, whereas optimism means staying the course.
Optimism also sounds like a sales pitch, while pessimism sounds like someone trying to help you.
It’s all just our brain playing games with us.
Have you got someone helping you and explain to you how this can impact on your life outcomes? Maybe you should…
Here's a full article from the Motley Fool people - http://www.fool.com/…/why-does-pessimism-sound-so-smart.aspx
Let me know what you think.

Misho