Part 2: Perspective or How to think about investing in a way that ensures success?

2.2 Enrolling your emotional self is critical for success


Investing is a marathon of making decisions and living the consequences of it. You feel the pain and almost always experience discomfort after you take these decisions. But you are still required to take more decisions; just like a marathon runner. The difference is that in investing the decision making and the pain is all happening only in your mind. And this makes it differently challenging. 
Decision making has a rational side to it, requires you to think, analyze and conclude. This is your Thinking Self. However, this is not happening in isolation. As you think about something, emotions arise, you start feeling something even without having taken any action. This is your Feeling Self. They are part of the same one Decision-making System. How this plays out in your brain, mind, body leads to you making a decision. It is a pretty complicated combination of your memory, imagination, beliefs, identity etc. But we don’t need to know the how, we need to know how to make better decisions. 
 
 
To manage your investing effectively, to make good decisions and make it work you need to manage both the Thinking Self and the Feeling Self. This sounds as if there is a third entity that manages these two and there probably is; let’s call it the Decision-Making Self. It’s almost as if the Thinking and the Feeling Selves make a representation to the Decision-making Self who eventually decides. But they are both listening to each other make the representation and are impacted by it. 
 
Let’s imagine a conversation that happens internally when you are making a travel related decision
 
...........Read More

To Continue reading please Log-in

Login with Facebook
MoneyWorks4Me logo
Login with LinkedIn
Login with Google
MoneyWorks4Me logo
OR

Comment Your Thoughts:

Comment Added Successfully!
Please enter valid data!

Comments:

Be the first one to comment!

© All rights reserved. No part of this book may be reproduced or modified in any form, including photocopying, recording, or by any information storage and retrieval system, or in any digital or electronic format without permission in writing from the Publisher or Author.

Name of the IA registered with SEBI: The Alchemists Ark Pvt. Ltd.
Logo:  alchemists-ark logo
Trade/Brand Name of IA: MoneyWorks4Me Investment Advisers
Brand Logo: Moneyworks4Me Logo
SEBI Registration Number: INA000013323 Validity - May 16, 2019 - Perpetual
Registration: Non-Individual
BSE Enlistment No: 1187
Address: B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details: Name: Shrikant Jagtap
Email: shrikant.jagtap@moneyworks4me.com
Telephone: +919860359463
Address: Same as IA
Grievance Officer Details: Name: Mukta Vaze
Email: mukta.vaze@moneyworks4me.com
Telephone: +91 98609 19463
Address: Same as IA
Principal Officer Details: Name: Atharva Bhide
Email: atharva.bhide@moneyworks4me.com
Telephone: +91 91758 99463
Address: Same as IA
Standard Warning: Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer: Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.