Hmmm....I think it may be a combination of both. Emotion causes people to reject the best solution, and lack of logic/reason leads them to accept a less optimal alternative.lhslep134;1622531 wrote:Not ignorance, lack of logic/reason. Or inability to separate emotion from logic/reason.
If you ever talk to money managers, the single biggest obstacle to success they must overcome is emotion. That is very different from conviction and "instinct" based on experience. Oddly enough, the best have to be able to think illogically.
