Let’s say your weather app says it’ll be 24 and sunny tomorrow, and mine says it will be 22 and overcast.
Would we argue about this? Go on TV and duke it out? Call each other names?
Of course not. We’d say, “Ah, let’s just see what happens. Probably doesn’t matter either way.”
Investors don’t think this way. The fights people get into about whose forecast is right are off the charts.
Unlike weather, money is an emotional subject. And unlike tomorrow’s temperature, our investment decisions are in our control. So many investors get offended when others disagree with them. But once you realise that; your views are just as biased as everyone else’s and there’s a good chance you’re both wrong, you stop seeing any reason to argue. Debate, sure. But life’s too short to argue.
