Secret to happiness!  

redmustang91 57M  
8705 posts
7/8/2006 10:02 am
Secret to happiness!

Low expectations! Being content with what you got and not lusting after what you not got! Looks like I will continue to be in the pursuit of happiness rather than the state of happiness...

Behaviorial finance suggests the same:

"Stumbling on Happiness" by Daniel Gilbert

Students of investing are of necessity students of human psychology, both their own and that of other market participants. Gilbert, a professor of psychology at Harvard, summarizes much recent research in psychology, tying it all together with the theme of happiness. If you like reading about behavioral finance, I think you'll enjoy this book.

Gilbert's starting point is that evolution has left human beings with a rather unique attribute: the ability to think about the future. Unfortunately, we're often not very good at it; the way our brains work is not always conducive to a rational assessment of what will make us happy. For example, just as our memories are notoriously bad--and bad in systematic ways--so is the way we tend to imagine the future. We oversimplify, or we assume the future will be like our (misimagined) past. Such errors mean the future often doesn't live up to our expectations. Confirming once again Charlie Munger's advice on the best way to lead a happy life: low expectations.

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