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

(Grace) #1
The Typical Investment Personality 63

“Nothing,” he answered, head down, still playing his game.
Amazing. I asked him if he had heard the riddle before, and he
shook his head. Remarkable, I thought.

Part Three of this book gives tips on how investors can recover
the power of their creative thinking. In the Myers-Briggs frame-
work, this means having full access to the intuitive preference and
capabilities. In Carl Jung’s language of archetypes, it means access-
ing the energy of the magician or wizard. Ultimately, it is the ca-
pacity to make something of nothing, to take the ordinary and turn
it into the extraordinary, to work everyday miracles. For investors,
it is the capacity to look at commonly available information and
see something different, something significant that will give a com-
petitive edge.
For now, though, let’s turn to Part Two, which addresses the
state of investment teams today. Using the Myers-Briggs framework,
we can analyze the behavior of investment firms and suggest some
techniques that might well lead to more success in the markets.

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