Are You a Cat Investor or a Dog Investor?

Stephen Foerster
4 min readApr 2, 2021

The behavior of unrushed versus impulsive investors often mimics those of our pets

Photo by Priscilla Du Preez on Unsplash

When I was a young boy we had a family pet, a Dalmatian named Gypsy, unique because she had only one spot, a patch over one of her eyes. My most vivid memory of Gypsy was the time she spotted six frozen uncooked hot dogs that my mother left on the countertop to thaw. Before anyone could react, Gypsy grabbed the…

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Stephen Foerster

I’m a Finance prof, CFA, and author of In Pursuit of the Perfect Portfolio (with Andrew Lo). I write stories about investing. (I don’t give financial advice.)