How Wall Street Exploits Your Weaknesses

Not that long ago I posted a blog here entitled “They Can See You Coming”. They are sharp minded wall street players who use behavioural science along with super fast computer programs to exploit human weaknesses.

Paul Farrel over at CBS Marketwatch penned a piece which I think every investors should read which follows on the point of my last blog that most investors face a system that is stacked against them. To beat the pros you have to think like one as it truly is a “battle for investment survival.”

He calls the great unwashed nudgees. Here are 25 habits of predictably irrational ‘nudgees’

This entry was posted on 19. August 2009 at 05:43 and is filed under Investor Psychology. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.