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Wealth Management Wire
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Why Doctors Make Terrible Traders

They're not the only ones who are awful at investing.

Doctors, scientists, aircraft pilots and even anesthesiologists all share the same problem.

As smart as they are to plow through 12 years of college, studying subjects of mind-numbing difficulty, obtaining MDs, PhDs and ATPL licenses, they are terrible when it comes to trading their own stock portfolios.

A doctor friend once confessed to me that as fast as he was taking in money at his seven-digit-a- year private practice, he was shoveling it out the door in trading and investment losses.

And if he got mad at it, or grew stubborn, the losses then compounded. He considered it a disease, an affliction, if not an addiction.

I have to admit that I once suffered from the same malady, as I was originally trained as a scientist and mathematician. That is, until I identified the problem and dealt with it.

And here is the dilemma.

Science, medicine, and flying high performance…

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