Mind of a Goldfish

Renowned investor and community leader Whitney Tilson is our newest Intelligent Money Role Model. As part of Whitney's video series of insights, his “Mind of a Goldfish” metaphor is a powerful example of Intelligent Money’s approach to investing, life and tennis. The goldfish mentality is about learning from setbacks without letting them snowball. Just as tennis players can unravel when one bad point triggers a meltdown, investors compound mistakes when they cling to sunk costs or ignore evidence that their thesis is no longer valid. Our Intelligent Money approach calls for acknowledging errors, cutting losses when necessary, and moving forward without the burden of regret. Please watch the video and tell us what you think.