Posted by: KHTS Articles
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July 2, 2021 - 4:49 pm
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I’ve recently been reading the book Quiet, by Susan Cain and stumbled upon an interesting chapter that relates to investing.
The book argues that introverts are undervalued in today’s society and Susan Cain provides lots of interesting studies and scientific evidence to back up her theory. If you get the chance, I strongly recommend reading this book which can be bought for no more than a few dollars.
In Chapter Seven, the author talks about the financial crash of 2008 and gives the example of a 60 year-old man called Alan who gambles away 70% of his retirement money betting on General Motors stock. Alan ends up losing as much as $700,000 as he keeps on buying the stock as it lurches lower and lower towards bankruptcy.