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What’s Fear Got to Do With It?
Why are people afraid of the dark?
Quite simply, because they no longer have a grasp of their surroundings and hence no way to determine if they are in danger.
To a great extent, the phrase “fear of the unknown” is redundant; in many cases, the unknown itself causes fear.
It is this idea that is currently pervading our society and our capital markets. Although short-term traders are known to have extremes of emotion and all too often need both hands to count their heart attacks, if one were to analyze the emotional characteristics of a successful long-term investor, he or she…
21Nov2008 | Oxbury Research | Comments Off | Continued
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