2023-06-26 17:37:05
Waiting for your draw: lottery balls Image: dpa
How much reason is necessary when investing, how much emotion is allowed: a field report after 25 years.
Emotions are poison. Reason is everything. After more than 17 years of financial journalism, this credo has been heard dozens of times. Act sensibly! But what does reasonable mean, how does it work, and how useful is it? A lottery player in Schleswig-Holstein has just used ten euros in the Eurojackpot lottery. Was that reasonable? With a chance of one in 140 million per betting field, it’s probably not the case based on pure theory. But the player won €120m with it on Friday night. May he use the money wisely.
School ended 25 years ago. The board game “Therapy”, which has a touch of depth psychology, was played with the German teacher. “Do you make decisions more with your heart or with your mind?” was the question asked, and the teacher became very restless while the student was thinking: “Yes, hopefully with your heart,” was her advice for life.
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