Greed = Fear
March 26, 2009 – 10:10 amIn trading, investing, entrepreneurship, poker and most other things dealing with money…
Greed and fear are the exact same emotion.
In fact, the only difference between the two is that in GREED, you are obsessed with gaining money that you do not have….while in FEAR, you are obsessed with keeping money that you already have.
The difference between the two is meaningless…because both emotions are caused by the same thing (an obsession with the accumulation of money) and result in the same thing (horrible decisions and an increased likelihood of losing that which you desire).
After all…..what is the difference between obsessing over the dollar you have and obsessing over the one you want?
Allow neither.
