Tame the chimp: how Stoicism can help us in stock market panics

The Stoic philosopher Epictetus told his students that the wise man “keeps guard against himself as his own enemy, and one lying in wait for him”. This is a view of human folly shared by the rather younger field of behavioral economics. As James Montier, behavioral economist and member of GMO’s asset allocation team, puts it: “Your worst enemy when it comes to investment is…

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Jules Evans

Jules Evans

Author of Philosophy for Life and other books. Honorary fellow, Centre for the History of the Emotions. www.philosophyforlife.org.