What has driving got to to do with investing? More than you might think, suggests Lawrence Hamtil of Fortune Financial Advisors. Commuting to work, Hamtil heard on the radio of a big accident on the motorway. So did everyone else; consequently, the side streets were choked with traffic.
“Once I reached the interstate, it was 40 per cent of usual traffic, so commute was a breeze,” tweeted Hamtil. And the moral? “Similar to investing, people overreact to bad news, and miss opportunities.”