Again, the Wall Street Psychologist’s Gyroscope is not an investment philosophy. In treatment, I do not review my patients’ portfolios with them. I do not look at what they invest in, but rather what drives their decision-making processes, and their inner emotional life. And how they act in or out of tandem.
Ultimately, when you make the right decisions for the right reasons—or even the wrong decisions for the right reasons—you temper insecurity and you build self-assuredness.
You enhance your professional relationships, both as a client and as a provider. And, you not only limit your exposure, but should disaster strike, you minimize the guilt and self-loathing that normally may have plunged you into another bout of depression or self-destructive behavior.