Tuesday, October 9th, 2007
The danger of addiction to business success
We don’t know to what extent Victor Niederhoffer has blown up … again.
But what on earth is going on?
After his first implosion, you would think he’d learnt his lesson.
Clearly, Niederhoffer is playing out some psychological dramas that is difficult to understand.
This is a general observation, and not a direct commentary on Niederhoffer; but it is seldom recognised that psychological issues can manifest themselves in business and finance.
It annoys me that we focus on drug, alchohol and gambling additions, but there is little focus on addiction to business success.
Financial disasters, broken relationships and damaged children are all a result of men seeking riches to cover up their shortcomings, rather than facing them.
The problem is business and trading are respectable activites; that doesn’t make them any less dangerous as an outlet for screwed-up people.
Word Count: 128. This entry was posted on Tuesday, October 9th, 2007 at 10:47 am and is filed under Investing psychology, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
