Cognitive dissonance is everywhere. Michael quotes from an article by Alwyn Lau titled “Quick to Attack and Condemn: Why We do It.” Trumps presidency has produced arguably the greatest case of cognitive dissonance in history.
Many cognitive dissonance with the markets. What is the best way to counter cognitive dissonance? Take a minute, stop, and look for an alternative explanation. Stop hallucinating and start studying. Read perspectives from both sides and educate yourself.
Staying attached to news and breaking headlines only feeds the problem. Are you in cognitive dissonance about markets? Politics? Have you given yourself a back test?
In this episode of Trend Following Radio:
- Cognitive dissonance
- Donald Trump
- Fact checking
- Breaking news
“The more certain you are of a perspective, the more severe your dissonance or mental torture will be when something threatens that perspective.” – Alwyn Lau