Don’t Just Do Something: Stand There
DANIEL KAHNEMAN, THE FIRST-EVER PSYCHOLOGIST TO WIN
the Nobel Prize in Economics—yes, you read that right—once
said, “All of us would be better investors if we just made fewer decisions.”
He was alluding, of course, to our powerfully instinctive drive
to change our investments in reaction to some real or imagined
“crisis” in the economy and the markets—and these days, in public health (“Virus cases spike!”). The key word in the foregoing
sentence is, of course, “reaction.”
