Having covered on the Seven Sins of Fund Management previously, I would be covering on the Seven Sins of Investing. Investors have been constantly making the same mistakes that have landed them in trouble for decades. They are either enticed by the latest trending company, crowd mentality, overlooking important details, etc. In this series of Seven Sins of Investing, I would be devoting each subsequent post on each sin.

Dave Whamond

“When it comes to money, we are operating as if we were in the jungle, having to deal with predators like tigers,” says Brad Klontz, a clinical psychologist and associate professor of financial planning at Kansas State University. “We have a caveman brain.”

Seven Sins of Investing

  1. Lust
  2. Pride
  3. Sloth
  4. Envy
  5. Wrath
  6. Gluttony
  7. Greed

Sin 1: Lust – Chasing of performance

The definition of lust is, ‘to have a yearning or desire, have a strong and excessive craving’.