Investing Addiction?

Day trading may be like taking drugs.


Ever think you're addicted to trading stocks? Turns out, you might be.

From today's New York Times:

"Last year Jason Zweig, who edited the 2003 edition of 'The Intelligent Investor' by Benjamin Graham, wrote a 352-page book entitled 'Your Money and Your Brain: How the New Science of Neuroeconomics Can Help Make You Rich.'

One of his findings was that brain images of drug addicts who are about to take another hit are indistinguishable from those of traders who are making money and about to place another trade. 'That tells us pretty confidently that if you make money and make money again,' Mr. Zweig said, 'it is very similar to a chemical addiction and it becomes very hard to let go.' "

View the full article here.

And here's a U.S. News interview with Jason Zweig.