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nonzero

RE: process-centered VS. reward-centered.

My opinion is the process and reward cannot be separated; both are parts of a whole thing. Remember, at the end of day it is the outcome/reward that counts. In investing/trading, the greatest challenge is to know when to exit (take loss/profit), of course you need a process in the first place.

Enjoy your post as always!

The Financial Philosopher

nonzero:

I agree. My distinction, however, is that the process and the "reward" are one and the same.

If the process is the reward, then the focus shifts from the end to the means -- it is the fulfillment found in "the journey" rather than seeking only "the destination."

In investing/trading, many investors or traders will find themselves disappointed by "results," especially if the benchmark is something other than themself...

Thanks for provoking thought, as always...

Kent

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  • Kent Thune is a wealth manager, a writer and a philosopher... Read More

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