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So I was reading and I got hit with the idea, anyone think reading some psychology books to understand basic human emotions and thought processes, and especially the interplay of fear and greed, could be useful for both business, investing, and other stuff to...?
I got the idea that this could apply to a lot of stuff, for example when doing business with other folks, you can gauge their reactions and learn about them by knowing how to observe them and so forth, with markets for spotting opportunities others miss, for investing in the stock market, you could gauge how markets will react by understanding psychology (in theory), like how PHX mentioned about fear being a bigger motivator than greed...?
What do you people think?
I got the idea that this could apply to a lot of stuff, for example when doing business with other folks, you can gauge their reactions and learn about them by knowing how to observe them and so forth, with markets for spotting opportunities others miss, for investing in the stock market, you could gauge how markets will react by understanding psychology (in theory), like how PHX mentioned about fear being a bigger motivator than greed...?
What do you people think?
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