Seeing the markets these days is not just challenging...🤕
It brings to mind how for years, when seeing good returns I used to treat them as something I've realised. 🙃
When, in turn, markets were defeating my expectations I used to shrag off any responsibility; the markets are down; there's a lot of volatility these days etc😳
Sounds familiar I'm sure.🙃 This type of behaviour it's so prevalent that it has earn itself a name: self-serving bias.
❗We attribute the results that we want to our behaviours and those that we are uncomfortable with to external behaviours/factors.
😒This also means that we fail to draw the right conclusions from our past decisions.
We fail to improve the decision-making process and even repeat mistakes that we've done in the past.
🤫Even if I know about this faulty way of thinking I still find myself thinking this way.
😏I am however conscious of the bias as work and learned to see beyond it. At first it was a rather uncomfortable process...over time it became both comforting and reliefing. I find comfort in the things that I lean from my mistakes and my fortunes. I find relief in recognising the emotions and body reactions that these experiences have triggered inside me. We cannot manage what we don't acknowledge.
❓What are your saying to yourself when markets defeat your expectations?
❓ How do you manage yourself to be able to manage monies?