This is a response to a Tweet from Steve Sanduski, CFP® from the US.
“All investments, speculative or otherwise, are valued based on sentiments, feelings, and emotions. And the more left-brained a person is, the more they use fundamental analysis to justify what they are emotionally feeling.”
Think back when you make a purchase. It can be a car, a suit, a painting, or an investment. You generally feel good and will justify your purchase as being a good one. Why? It makes you feel good. You can use whatever skills you have at your disposal to justify your actions. As Steve explains, the more intellectual you are, the more reasoning you will use to justify your decision.
A better way forward is to use your persuasive desires to justify your purchase to someone else, who is not simply there to tell you what you want to hear but to critique your decisions. Of course, that means being challenged. It also means your decisions may not be as good as you think they are.
We can all lie to ourselves and tell our inner selves how great we are but to increase the chances of better outcomes, you need to communicate those decisions to others and become vulnerable.