‘Trust Your Gut’ Might Actually Be Profitable Advice on Wall Street, Study Says (Published 2016)
David Gellesnytimes.com
‘Trust Your Gut’ Might Actually Be Profitable Advice on Wall Street, Study Says (Published 2016)
"I learned this from Schwarzman. People don't give money to the investors they think are going to make the most money, they allocate to people they like."
Possessing agility helps you make good judgments in real time. The neuroscientist John Coates used to be a financial trader. During the bull-market surges that preceded big crashes, Coates noticed that the traders who went on to suffer huge losses had gotten overconfident in ways that were physically observable. They flexed their muscles and even w... See more
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The study revealed two striking results. First, traders with greater sensitivity to the inner life of their bodies had made significantly more money in the previous year. Second, the more years a trader had been working, the greater his interoception, as though the trading floor were selecting for that trait. Coates’s research demonstrates that wha
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