I wrote this short piece as a consequence of what could happen when we don't stop to analyze our decisions in a clear way and we just act without been rational
When we think about investing money we usually assume
that our decisions will be consequence of a clear study of the environment and
how our saving could be affected
But, as humans we don’t include rationality in every
act that we perform and when this turns to appear in money decisions it will
turn into something dangerous.
An example down in Argentina, Y.P.F. was the national
petroleum company till it was privatized some time ago, during the last days a
rumor appeared saying that the company was going to be nationalized again.
The result of this “information”? The value of YPF
stocks dropped more than 10% in one day and it continued it’s moving down on the
following ones
Can we think about rational decisions been made?
Probably the answer is NO.
I don’t want to include the political analysis to investors
decisions but the “human’s” one was, lets run out of here; that was probably
followed too by less experience people that thought if the ones that are
supposed to know about the topic are doing this, lets follow them!
Till my next post!
Prof. Lic. Fernando Julio Silva, MSc.
February 2012
