A "Tool" of Wisdom
Something kinda sad about
The way that things have come to be
Desensitized to everything
What became of subtlety?
How can this mean anything to me?
If I really don’t feel anything at all?–Tool, "Stinkfest"
Today’s quote from the rock band Tool may seem somewhat dark, but if you look a little closer you’ll find it has a direct relationship to investor psychology. You see, when the market is in decline for months at a time investors tend to become desensitized to their own losses. Once this happens, your money stops meaning anything to you and you just stop feeling the pain. To this I say; wake up! Don’t let your losses desensitize you to good judgment. Take control of your money now, before your psychology turns to the dark side.
Jim Woods is a 30-plus-year veteran of the markets with varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor.
His books include co-authoring, “Billion Dollar Green: Profit from the Eco Revolution,” and “The Wealth Shield: How to Invest and Protect Your Money from Another Stock Market Crash, Financial Crisis or Global Economic Collapse.” He’s also ghostwritten many books and articles, as well as edited content for some of the investment industry’s biggest luminaries. Read more about Jim Woods.
