By John Sage Melbourne
Greed is driven by the desire for a quick result driven by over confidence.
Greed can develop loss via over financing or via take advantage of that should be moneyed in a certain amount of time and that the time framework of the markets unfortunately does not accompany the imperatives of your financing.
Simply put,if via greed you over-reach or hinge on the market not just achieving certain outcomes,but achieving these outcomes within the time framework needed by your very own financing necessities,you are risking practically certain catastrophe.
An additional way that people are seduced by greed is called pyramiding.This is the method of structure extra financing to carry out additional investment upon the monetary gains already achieved but which themselves go through finance. This is all effectively till there is a market reverse,in which situation the whole pack of cards comes tumbling down.
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This is a particularly hazardous scenario for those who have a high level of confidence in themselves based upon current monetary successes. They are not likely to correctly check out the signs of a down turn in the market as they are still flush with their previous successes. Over confidence moves up in straight proportion to boosts in market value.
Success consequently,otherwise properly toughened up,is likely to breed the seeds of its very own catastrophe.
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