The psychology of striking oil | AccountingWEB

The psychology of striking oil

Accountants are a respectable bunch so as an FCCA I don't gamble although I do  play the stock market - strictly for fun you understand. I bought shares in an oil exploration company 6 months ago as punt. Therefore I didn't buy so many. Now they have struck oil and the price is heading north. So what am I thinking now ? That's right - "why did I not buy 10 times as much " . The reason is because I am an accountant so I am risk-averse . If so , why did I buy them in the first place ? Did I really believe in them or not?

Fascinating stuff -  I wonder if psychologists make better investors than accountants .....

Who knows - if they rise 15 fold they'll pay for the new car I just bought.

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Marketing consultant at a leading company formation agency ,accountancy practice sales broker, practice growth consultant and SME business consultant , specialising in debt management , marketing , business development and troubleshooting.

As well as being in practice I am also an online retailer ( , )  and have several charity trusteeships , giving me an all round view of the world's problems

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