Thursday, February 12, 2015

Mind over Money

“People who are good at emotional regulation—in other words, overcoming their unease at going against the herd—tend to be better at investing, said Camelia M. Kuhnen, associate professor of finance at the University of North Carolina’s Kenan-Flagler Business School.”

“Other research has shown that good investors also have a strong theory of mind. This is the capacity that develops at around age 2 or 3 in children that enables them to understand that people around them are different and to guess what their actions might be. It’s aligned with empathy but not the same, said Kuhnen.”

Mind Over Money: The Brain Chemistry Behind Investing

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