03 December 2006

Finances, like politics and war

Financial planner Greg Fernandez of McLean says the smartest people are prone to error precisely because they're so brainy. "Their egos get in the way," says Fernandez. "They can't stand losing, and that makes it worse. Once they lose money, they become more wedded to whatever it is; they can't believe they are losing."


From today's Washington Post.

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