Make Sure Your Decision-Making Is Inside-Out
Source: Sound Mind Investing
Typically, where do ideas for your investment decisions originate? For many investors, the starting point of the process is found in the impersonal "Outside" world of current events, magazine articles, and brokers' recommendations. Their decisions are primarily guided by outside considerations. As they respond to all the data thrown at them-sometimes buying, sometimes selling-their personal "Inside" financial worlds take shape. Their thinking is "Outside-in." They need a continual stream of news and information to provide stimulation and provoke them to action. Decision-making would be impossible without it.