The Conclusion Is Straightforward : Self-control Requires

If Owning Stocks Is A Long-term Project For You, Following Their Changes Constantly Is A Very, Very Bad Idea. It's The Worst Possible Thing You Can Do, Because People Are So Sensitive To Short-term Losses. If You Count Your Money Every Day, You'll Be Miserable.

I Used To Hold A Unitary View, In Which I Proposed That Only Experienced Happiness Matters, And That Life Satisfaction Is A Fallible Estimate Of True Happiness.

Facts That Challenge Basic Assumptions-and Thereby Threaten People's Livelihood And Self-esteem-are Simply Not Absorbed. The Mind Does Not Digest Them.

You Should Expect Little Or Nothing From Wall Street Stock Pickers Who Hope To Be More Accurate Than The Market In Predicting The Future Of Prices. And You Should Not Expect Much From Pundits Making Long-term Forecasts.

Happiness Is Determined By Factors Like Your Health, Your Family Relationships And Friendships, And Above All By Feeling That You Are In Control Of How You Spend Your Time.