Secrets of Happiness: Professor Gad Saad Interview
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I don't think it's money that corrupts people, I really don't. I think it's the idea that when you make money without having a tangible creation attached to that money, it has no value.
The worst sin toward our fellow creatures is not to hate them, but to be indifferent to them; that's the essence of inhumanity....
The reason for having leadership is to be found in the social nature of man. As an individual being man has the ability to act and to direct his own behaviour. But man lives in a society with a complex structure in which the actions of many individuals within groups in a variety of situations have to be directed.
I think behavioural economics has now become an accepted part of the thinking on markets- it's generally accepted that people's decision making is heavily influenced by emotional state and various other behavioural biases in comparison to previous models that assumed rational decision making in the markets. The markets and individual investors are driven by what you could call 'irrational considerations' and emotions play an important role in that.
Fear is healthy, fear is natural, and if anyone's ever told you they've been to combat and were never afraid... they're either lying or a sociopath. Fear is a very good reaction; it makes you think more clearly.
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