Lately I've been thinking about the dangers of becoming emotionally attached to TINA.
You might be asking who is Tina, and why am I attached? TINA is an acronym for There Is No Alternative. The term was coined by 1980's British Prime Minister Margaret Thatcher. She claimed that the market system is the only system that works, end of debate. In finance, we refer to TINA when money managers are all positioned one way because there really is no alternative in global markets. For example, everyone might crowd into stocks because it is the only asset class to deliver enough premium to compensate for any missed opportunity.
As decision makers, TINA can be dangerous. She provides an aura of herd attachment -- a comfort level that is unmatched by our own ability to think rationally. We become vulnerable to sharp shifts in momentum when all options are removed. Instead, create a process that provides options.
The Total Decision Portfolio establishes a set of rules with capacity to seek alternatives when conditions diverge from TINA. Here are some lessons from our class to deal with this dilemma:
Learn more about trading, decision making and productivity on Skillshare