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The Psychology Behind Long-Term Investing: Understanding the Cognitive Foundations of Compound Growth
It is easy to believe that a financial background is not required to enter the financial industry, that is, the so-called professional background is not necessarily better than the semi-monk.The rationale is persuasive and even lethal-because a large number of successful people in the financial industry have no financial professional background. It is indisputable that there are many star fund managers and investors who exist like gods and are always ready to fall from the altar, widely from physics, mathematics, electronics, machinery, chemical engineering and other basic disciplines and science and engineering majors. On the financial road of no return, analysts from various non-financial professions seem to have “invisible wings”.It…