What Makes Intelligent, Industrious People Bad Investors?

Kelly McGonigal, the author of the “The WillPower Instinct: How Self-Control Works, Why It Matters, and and What You Can Do To Get More of It”, addresses the question of why some people have a better ability to devote their life’s energies to hard work, perseverance, and grit than others. Why are some people naturally industrious, able to work long hours without thinking about it, while others will frequently reference that one time they worked twelve hours in an exercise of self pity?

In chapter 2 of her book “Your Body Was Born To Resist Cheesecake”, McGonigal argues that industrious people tend to attach a high degree of risk to each individual action. They think, “If I don’t put on a long day at the office today, I’ll get fired.” Or ‘If I eat that donut, I’ll get fat.” Of course, that mental viewpoint is an exaggeration. One day of low productivity won’t get you fired, nor will one binge make you fat. It’s the repetition of those behaviors on a regular basis that leads to trouble.

Continue Reading!