Investment Stories vs. Facts
Think back (you likely won't have to go far!) to when a journalist wrote an article about a financial topic. Then people, and thus the market, takes it as truth, and the stock or sector is dramatically affected. "Why do we believe such stories? Why do we get hooked into these narratives that are neither factually correct or accurate? The answer is, we are wired that way; mankind actually hasn’t evolved much from the days we spent hunting and gathering. One of the key skills that allowed us to progress from these primitive beginnings and reach the top of the food chain was collaboration." This article from Investment Masters Class details why investing stories can be dangerous and offers ideas on how to be more mindful of what you see and hear.