Skip to Main Content
Decide and Conquer: The Ultimate Guide for Improving Your Decision Making, Second Edition
book

Decide and Conquer: The Ultimate Guide for Improving Your Decision Making, Second Edition

by Stephen P. Robbins
October 2014
Intermediate to advanced content levelIntermediate to advanced
224 pages
4h 10m
English
Pearson
Content preview from Decide and Conquer: The Ultimate Guide for Improving Your Decision Making, Second Edition

31. Sometimes Doing Nothing Is Your Best Option

Don’t just do something, stand there!

—M. Gabel

Todd and Jim were brothers. Both in their early 30s, they had one strong interest in common: They loved playing the stock market. But beyond the mutual interest, they had very different emotional profiles. Todd was the cool and calm older brother. Jim was the “wild guy” with an aggressive, risk-taking personality. Not surprisingly, they responded differently to what they both described as the “August Massacre.”

On August 8, 2011, the Dow Jones stock average dropped 634 points or 5.5 percent. Two days later it dropped another 519 points or 4.6 percent. The market appeared to be in a free-fall, and investment portfolios were being decimated. Both Todd ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Guide to Decision Making: Getting it More Right than Wrong

Guide to Decision Making: Getting it More Right than Wrong

Helga Drummond

Publisher Resources

ISBN: 9780133966862Purchase book