因應近期指數處於高檔，有關市場情緒的連載論述，先從「貪婪」談起
這是個眾所皆知的人性特點，不解的是：幾乎每個人都不認為自己當下的行為，屬於貪婪
無法規避貪婪的主因，是唯恐錯過看似即將來臨的財富
潛在收益愈大，引發的貪婪促使人趨之若鶩，忽略危機
投資人的行為若偏離現實常軌，很可能走在另一條鋼索上，成為賭局唯一的傻子
樂觀的輿論正是投機的催化劑，「貪婪」與「缺乏警覺」將使泡沫得以擴張
即便意識到，或經他人提醒，卻因人性的不可逆而身陷其中
當消費者與金融機構頻繁操作槓桿，價格受貪婪和人性偏誤而高估，或利空消息被忽視時，應與市場保持距離，謹慎配置資源
具備風險控管的行為紀律，才是未來成功的最佳保證
主動式管理往往因貪婪、狂妄和對人類行為的誤解，難以彰顯預期績效
適時站在人性的對立面，反思自己為何正確、他人為何有誤；甚至，局勢亦有可能處於中性且不確定的模糊階段
不同立場的人並存於市場，形塑名為「交易」的原始驅力
切勿輕信「單向」的趨勢研判，總有人持相反意見，伺機而動
貪婪不是罪，也不可怕；真正致命的，是一種你我皆熟稔的存在！
In response to the recent high-end index, this series of discussions on market sentiment will start with "greed".
This is a well-known human characteristic. It is puzzling that almost everyone does not think that their current behavior is greedy.
The main reason for being unable to avoid greed is the fear of missing out on the wealth that seems to be coming.
When the potential benefits are greater, the greed caused by it prompts people to rush in and ignore the crisis.
If an investor's behavior deviates from reality, he or she may walk on another tightrope and become the only fool in the gambling game.
Optimistic public opinion is the catalyst for speculation, and "greed" and "lack of vigilance" will allow bubbles to expand.
Even if people realize it or are reminded by others, they are trapped in it due to the irreversible human nature.
When consumers and financial institutions frequently operate leverage, prices are overestimated due to greed and human bias, or bad news is ignored, they should keep distance from the market and allocate resources carefully.
Having behavioral disciplines for risk control is the best guarantee for future success.
Proactive management often fails to demonstrate expected performance due to greed, arrogance and misunderstanding of human behavior.
Stand on the opposite side of human nature at the right time, and reflect on why you are right and why others are wrong; the situation may even be in a vague stage of neutrality and uncertainty.
People with different positions coexist in the market, forming the original driving force called "transaction".
Don’t trust “one-way” trend analysis. There are always people who hold opposite opinions and are waiting for opportunities.
Greed is not a sin, nor is it terrible; what is truly fatal is an existence that both you and I are familiar with! |
分享
收藏
分享
