The Psychology of Money - An Investment Manager\'s Guide to Beating the Market

(Grace) #1
depression, because it tells you that you are not good
enough.


  1. It can make looking at yourself in a mirror or shopping
    for clothes miserable because of its ability to create such
    a negative view of the body.

  2. It can take all the fun out of life with its criticisms.

  3. It makes self-improvement a compulsive chore because it
    bases the work on the premise that something is wrong
    with you.

  4. It doesn’t allow you to acknowledge or accept the good
    feelings that other people have toward you.

  5. It makes you susceptible, and often victim, to the judg-
    ments of other people.


Reading this book was a major turning point for me. I had
been trying for years to turn off my internal critic. I knew that
it was dampening my creativity and lowering my energy level,
but there seemed to be little or no good advice available. Sugges-
tions ranged from “Don’t pay any attention to the internal cri-
tic” to “Tell the internal critic to shut up!” One seemed like denial,
the other like throwing gasoline on the fire. Wasn’t there some
middle way?
The Stones had a very different approach, which worked for
me. The Stones acknowledge the inner critic that lives within all of
us (Freud called it the superego) and provide a process for trans-
forming it into an ally.
As I read the Stones’ book, I realized that the inner critic was
like a compulsive habit for me. I couldn’t seem not to listen to it.
I couldn’t shut it off. Like the drug addict who knows that heroin
is destroying him, but uses it anyway, I judged myself continually.
Why would I—or anyone—do that? It seems so stupid and
unproductive. This is the part of the Stones’ explanation that I found
unusually insightful. They believe that our internal critic is actu-
ally a misguided ally, trying to help us; rather than some evil spirit

The Creative Investor 131

14-25 ware 131 1/19/01, 1:14 PM

Free download pdf