说你的股票下滑。 Say your mutuals are being maimed. 说你mutuals正在致残。 You try to blame the market, but have a nagging suspicion that you, personally, have had a share in the disaster. 您尝试归咎于市场,但有一个恼人的怀疑,你个人有分享的灾难。 Should you have dumped those stocks sooner, or held onto the mutuals longer, in an attempt to outlast the downturn. 如果您有抛售这些股票迟早,或举行到mutuals较长,企图经久耐用的衰退。
To economists, these questions are answered by cold-hearted analysis of numbers.经济学家,这些问题回答了冷心的分析数字。 But to those who study the mind, they're answered by a look inward.但是,这些研究谁的思想,他们回答了向内看。
Economists assume that the almighty buck is the great leveling tool.经济学家认为,无所不能的降压是非常平整的工具。 In other words, the dollar of dividend you earn from an investment in The Why Files, Inc., is worth the same as the buck you could earn delivering the paper-only version of the Files.换句话说,美元的股息收入从你的投资为什么档案公司,是值得相同的降压你可以挣得提供的文件版本的文件。 This is despite the fact that you would have to brave sleet and snow to deliver the paper, but you can sit back and watch the dividends deposit themselves in your cash account.尽管这是事实,你就必须勇敢的雪雨夹雪,并提供该文件,但你可以坐视存款的红利在您自己的现金帐户。
If economists were paid lower wages, they'd have realized that somebody scratching up $500 for a rent payment would not treat it the same way as Michael Milken, the convicted Wall Street trader, treated the half-billion he reputedly earned at his peak.如果经济学家们支付工资较低,他们会认识到,有人刮伤了500美元的租金支付不会把它以同样的方式迈克尔米尔肯,被定罪华尔街交易商,处理半亿据说,他在他的收入高峰。 But the irrationality of the market extends far beyond that.但是,非理性的市场份额远远超出这一点。 Investors buy dumb stocks.投资者购买股票哑巴。 They dump promising stocks.他们希望股市倾倒。 They hold onto losers long past the point of disaster.他们守住过去长期失败者点的灾难。 And they don't recognize a challenger that's going to rebound from the ropes and knock out the titleholder.和他们不承认挑战者这将反弹的绳子和淘汰的卫冕冠军。
With issues like these, The Why Files decided it was time for psychoanalysis.随着这类问题,为什么文件的决定现在是时候了心理分析。 We called John Schott , a clinical instructor in psychiatry at Tufts and Harvard Medical Schools who also manages money at Steinberg Global Asset Management, Ltd .我们呼吁美国肖特 ,临床精神病学讲师塔夫茨和哈佛大学医学院谁也管理钱, 斯坦伯格全球资产管理有限公司 。