The best investors aren’t defined solely by knowledge or access to information. Much like world-class poker players, their real edge is mental game—the ability to stay composed and make sound decisions under pressure.
Maria Konnikova, in her work on professional poker, notes that what separates the truly elite from the merely good is psychological fortitude: the capacity to perform consistently despite setbacks, mistakes, and poor short-term results. Investing is no different. Success often hinges less on finding the “right” stocks and more on maintaining discipline when fear and uncertainty are highest.
The Pressure Test
Investing pressure takes many forms:
Market volatility shaking your confidence
Negative forecasts fueling widespread fear
Pullbacks that make you question past decisions
The belief that “it will only get worse from here”
This environment tempts investors to react by selling low, chasing returns, or abandoning a sound strategy.
The Perfection Trap
Many investors carry a perfectionist expectation: no losses in down markets, full participation in every rally. This impossible standard breeds frustration and poor choices. Markets are uncertain. Even the best investors endure drawdowns and missed opportunities. The goal is resilience, not perfection.
Simplify to Strengthen
Psychological endurance fatigues with overuse. The more variables you try to track or control, the faster you burn out. Build fortitude by simplifying decisions:
Define a clear strategy
Filter out noise that doesn’t impact long-term goals
Commit to rules that keep you grounded when emotions spike
And that’s what I’m here for. When the noise feels overwhelming or the path seems uncertain, I’ll remind you of the plan we’ve built. We’ve laid the groundwork with a clear, durable strategy. Together, we’ll stay steady, cut through distractions, and remain focused on what truly matters: reaching your long-term goals.
©Behavioral Finance Network
The Hatlestad Group is an independent wealth management firm based in Edina, Minnesota, primarily serving successful head-of-household women, late-career executives, and pre-retirees. With a tailored approach to fee-only comprehensive wealth management, they empower clients to live out their next chapter with vision, wisdom, and resources, creating a purposeful and meaningful future. They can be reached by phone at (763) 259-3637, via email at info@thehatlestadgroup.com, or by visiting their website at thehatlestadgroup.com.
The information presented is based on sources believed to be reliable and accurate at the time of publication. This material is for educational purposes only and does not necessarily reflect the views of the author, presenter, or affiliated organizations. It should not be construed as investment, tax, legal, or other professional advice. Always consult a qualified professional regarding your specific situation before making any decisions.