Investment Advice From a Psychologist  "[T]he act of trading is
20% intellectual and 80% psychological," wrote seasoned
trader Michael Martin in The Inner Voice of Trading. Most
veteran investors, whether they are day traders or long-term
investors, would probably agree. Not surprisingly, Daniel
Kahneman, widely credited as the father of behavioral economics,
has specifically addressed psychology's impact on investment
decisions on many occasions. Notably, there are valuable lessons
for investors in his book, Thinking, Fast and Slow. Here is some
of his best investment advice.  Don't listen to your gut
Recounting a tale of a "chief investment officer of a large
financial firm," Kahneman highlights the blinded intuition that
often guides even professional investors. The chief investment
officer, or CIO, insisted that a particular stock was worthy of
an investment in the tens of millions of dollars, simply because
he had a gut feeling -- after attending an automobile show --
that the company would succeed.  In