Posted by on Jan 22, 2021 in Articles & Advice, Blog, Columns, Featured |

Image Credit: Buddha Seated in Meditation (Dhyanamudra), Art Institute of Chicago



By Jason Zweig | April 4, 2023, 9:15pm ET

As anyone who’s ever raised — or been — a teenager knows, happy outcomes are rare when groups of people egg each other on in a risky activity.

Just look at financial markets now. An activity that people have historically pursued in isolation — buying and selling stocks and other assets — has become the hottest way to socialize.

Friends get together on Zoom to “live-trade” stocks just as they watch movies or TV together on Netflix or Amazon Prime. Trading websites’ leaderboards show the names and gains of the people making the most money. Brokerage apps display lists of the stocks their users are flocking to the most. At some online brokers, you can even “autocopy” other users, mechanically duplicating their trades….


To read the rest of the column:


For further reading:


Benjamin Graham, The Intelligent Investor

Jason Zweig,The Devil’s Financial Dictionary

Jason Zweig, Your Money and Your Brain

Jason Zweig, The Little Book of Safe Money


Articles and other resources:

The Intelligent Investor newsletter, Jan. 19, 2021


How Huge Returns Mess With Your Mind

A Bored Investor Is a Dangerous Thing