For many centuries, we humans thought we were literally the center of the universe, as you can see in maps like this one…
In the geocentric model,
first conceived by early Greek philosophers like Plato and Aristotle, the sun, stars, and other heavenly bodies all revolved around Earth, clearly, the most important planet, because we
live here. Ptolemy popularized the idea some three centuries later by providing measurements that backed up the geocentric model.
Naturally, there was quite a bit of ego wrapped up in this idea, and when Galileo – building on the work of earlier astronomers like Copernicus and Tycho Brahe – proposed the correct heliocentric model in 1610, he met with great backlash – including a formal trial and condemnation, book banning, and house arrest (where he remained until he died). Legend has it that he rebelliously muttered after his trial, “Eppur si muove” (And yet it moves), referring to the Earth.
Eventually, however, we “got over ourselves,” and accepted that the universe doesn’t actually revolve around us. And ever since that happened, math and science have made a lot more sense.
As investors, we face a very similar problem sometimes – it’s called “attribution bias.”
It’s a way that our egos trip us up and keep us from making the best trading decisions, because we subconsciously believe we are responsible for all the good things that happen to us (and that someone or something else is responsible for the bad ones).
Fortunately, there’s a way we can sidestep this bias – a technique that we’ve just used in Stealth Profits Trader to see 223% gains….
|BREAKING: Millionaire Investor Shares Portfolio (It’ll Blow You Away)
This is an investor’s dream. An industry legend just agreed to share his personal portfolio. And we’re just as shocked as you are, so we’re sharing a few favorites with a small group of Money Morning readers. These are the kinds of picks that made Rick Rule one of the richest men in the industry – he made millions negotiating special buy-ins. And now you can see how to follow his lead by “getting in” on the deals. Right here, you’ll hear about six of them. But space is limited, so act now.
Today I have another installment of “The Millionaire Mindset” for you, where we’ll talk about the most valuable six inches of real estate on the planet – the space between your ears…
I’m about to take you behind the scenes and show you how a couple of recent Stealth trade recommendations worked – how we avoided getting tripped up by our egos – and how that paid off in a big way (several triple-digit windfalls, to be exact). (You can read more about our recent Stealth profit opportunities here.)
Personally, I’m quite happy not to be the center of the universe, as long as my trades are working well for my readers.
I’ve actually just released a new, completely free Fast Profits trade, in collaboration with our friends at Money Morning, that I expect to reach 100% or more. (Our last one shot up 53% in just a week, so I have high expectations for this one). It’s a pullback trade in a sector that’s just gotten hit hard after this week’s “Ital-leave” drama. Click here to get that, and all future Fast Profits trades, for free.
Have a wonderful weekend, and God bless you!