Balance Quote by William Eckhardt
“Investing is a negative game emotionally. If you're playing for the emotional satisfaction, you're bound to lose, because what feels good is often the wrong thing to do. When all the criteria are in balance, do the thing you least want to do.”
About This Quote
Source Interview: Market Strategies Podcast, 2015
Investing driven by emotion leads to poor decisions; rational, balanced criteria should guide actions, even when uncomfortable.
In simple terms: Emotions cloud investing; follow balanced logic.
Key Takeaway
Act against emotional urges.
Themes
investing
decisionmaking
psychology
Mood
cautious
reflective
Type
advice
warning
When to use this quote
- portfolio management
- trading
- personal finance
- risk assessment
Key Concepts
behavioral finance
cognitive bias
Questions to Reflect On
- How can you identify emotional bias before acting?
- What rational criteria can you set in advance?
A Different Perspective
Emotions are hard to suppress, especially under stress.
