I don’t agree with his ultimate conclusion (buy an index fund and don’t invest in stocks), but the issue of the dangers of the “monkey mind” guiding your investment policies is accurate. My take: if you are unable to manage your monkey mind then just set aside a certain amount of income every payday and invest it in index funds, but if you are willing to exercise your non-emotional intellect and feed it facts and knowledge then you can beat not only those investing with their monkey mind in control but also the index funds.

Alexander Hay is a US lawyer now living in Tbilisi, Republic of Georgia. Some have accused him of being a curmudgeon, but what do they know???? Noisy kids!

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