Mind Over Wealth
We all hate to lose. Our fear of loss drives too many decisions when it comes to money, and costs us dearly. Successful investment requires stepping back from deep-seated emotions and survival instincts— and learning to understand the market instead of reacting to its turbulence.
Super-investors like Warren Buffet know how to stay calm in a financial crisis and come out ahead. But most of us try math and magic to win at investing and wind up behind. We’d be better off learning to keep a cool head — and overcoming our irrational fear of loss. Being afraid to lose makes us sell low, buy high, ignore compounding losses, and sink money into the wrong stocks. In these times, no one can afford to let fear ruin financial well-being.
Joining us for our discussion on Mind Over Wealth is Mark Tobak who is calling in from his NY City Office. Mark Tobak, MD, is a general adult psychiatrist in private practice. He is the former chief of inpatient geriatric psychiatry and now an attending physician at St. Vincent’s Hospital in Harrison, NY. He graduated the University at Buffalo School of Medicine and Columbia University School of General Studies. Dr. Tobak also has a law degree from Fordham University School of Law and was admitted to the NY State Bar. His work appears in the American Journal of Psychiatry, Psychiatric Times, and American Journal of Medicine and Pathology. He is the author of “Anyone Can Be Rich! A Psychiatrist Provides the Mental Tools to Build Your Wealth ”
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