Tyler Cowen: Be Suspicious of Stories
An interesting talk about human’s nature to choose narratives over acceptance of messiness of the reality.
This concept of “accepting reality as it is”, is very important for traders to remember when they are dealing with the markets. However, most people are out of practice to do that because outside of grade school we are never forced to do so, especially on things about ourselves. It is also outside of social norm to tell anything more than stories.
It takes practice to take a step back to view and tell things as they are.
Beginner traders, if you want to become better traders, start your practice today.