10 valuable insights into the ancient Stoic thought for successful investing

10 valuable insights into the ancient Stoic thought for successful investing

By Mateus Abrita
Michael Caine
Listen with Sir Michael Caine™ and 1,000+ voices
Length1h 55m

About this audiobook

Moving average, Day Trade, bull spread, derivatives, Earnings before interest, taxes, depreciation and amortization (Ebitda), dividends, technical analysis, fundamental analysis... There are many terms and areas of study within the investment market. However, one thing has always caught my attention since 2005, when I made my first investment in variable income. I observed that people were mesmerized with the market and with the possibilities of "easy" earnings and neglected a fundamental aspect in investments, the emotional and psychological side. In this sense, I was enchanted by the Stoic philosophy, which is pointed out by many as a practical philosophy, that is, it proposes instruments that will not only generate abstract reflection but that have the potential to effectively contribute to your daily lives through thinking techniques that can be adopted. Therefore, the purpose of this book is to raise just a few elements of this very important topic, full of nuances and particularities. If I manage to pique my dear reader's curiosity to study more the emotional aspects in decision making, as well as delve into Stoic philosophy, this work will have fulfilled its role.

Audiobook details

GenreBusiness and Economics
Length1 hr 55 mins
Narrated byListen with 1,000+ voices
FormateBook with Audio
Publish dateApr 11, 2022
LanguageEnglish

Table of contents

1Introduction
2I. THE IDEA OF THE RATIONAL MAN IN CONTRAST TO ECONOMIC PSYCHOLOGY AND BEHAVIORAL FINANCE
3INTRODUCTION
4THE RATIONAL “SUPERMAN” OR “HOMO ECONOMICUS”
5THE NEW AND IMPORTANT AREA OF ECONOMIC PSYCHOLOGY
Show all chapters
6THE IMPORTANCE OF BEHAVIORAL FINANCES
7CONSIDERATIONS ABOUT THE MAN’S RATIONALITY
8II. VALUABLE INSIGHTS FROM ANCIENT STOIC THOUGHT FOR INVESTMENT SUCCESS
9INTRODUCTION
10STOIC LESSONS FOR INVESTING
111. There are events you can control and events you cannot. Focus on what you can control.
122. We waste a lot of time on silly things and not on the things we can handle.
133. Stop blaming others and yourself, the wise do not blame either.
144. Lower expectations of the volatile reality of the market and beware of anger. The case of the crystal glass.
155. Appreciate the current moment and don’t be anchored in past results. Just because it went up doesn’t mean it will keep going.
166. It is not the things themselves that affect you, but your attitude towards them is what is decisive. The “wild boar case”.
177. There is a time to move on and a time to take a break.
188. Seneca in his writings argued that “the mind must relax, for it will come back better and sharper after a good break”.
199. Get rid of the fears of poverty and death to have a calm and more rational mind.
2010. Importance of moral fiber.
21REFERENCES AND SUGGESTED READINGS
22AFTERWORD BY PAULO SÉRGIO DE OLIVEIRA SIMÕES GALA
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