#FollowME! The Chase For Likes And Followers Poisons Our Mood And Makes Us Bad Investors

Who doesn’t like to be the center of attention? Who doesn’t want to cash in on likes and more and more followers? In today’s connected world, it’s easier than ever to articulate thoughts and share them with the world. The prospect of quick fame and approval is tempting.

I also follow many stakeholders with interest on Twitter and am always amazed at how much they know, how much they share, and about the echo chambers they create. At first glance, it is an ideal world with access to all knowledge and wisdom of outstanding personalities and visionaries.

Nothing but nonsense condensed through repetition

But this world also has its pitfalls. In all of the loudness, the focus on the subtleties can very easily get lost. We no longer weigh arguments carefully, we no longer look at possible other perspectives, we think we are the center of the world and trumpet supposed wisdom. Our followers share these thoughts without reflection, and in the end, there is nothing but nonsense condensed through repetition. 

But is that surprising? It takes several years to write a doctoral thesis on a subject. But the Internet makes us feel like experts in highly complex fields after watching a few YouTube videos.

Sometimes, I could spend 5 hours a day on Twitter and not be one bit smarter than before. In doubt, I’m angry at myself for wasting time. I often have to remind myself how little sense this chase for followers and likes makes. It doesn’t move us forward.

It leads to nothing, which is also the reason why I like the TEV Blog so much. The TEV Blog is my reflection chamber. I don’t want to lecture anyone. I don’t want to sell anything. I write things, and sometimes kind readers that are often wiser than the author write back in the comments or by private message.

Chasing likes and followers is detrimental to our actual goal

In the meantime, I don’t share much content on Facebook or Twitter. I don’t want to be the loudest. I don’t claim to speak any judgments about the complex things of this world. Moreover, I believe that chasing likes and followers is detrimental to our actual goal of good and proper wealth management. They add an element that makes us vulnerable to mistakes.

If I go hunting, I have to stand up to all the other hunters. But wealth management is not hunting. Wealth management is not a competition. It’s not about having more or accumulating more than someone else. What matters is the long-term strategy we pursue, not how we perform against short-term benchmarks.

We measure our results against the goals of our strategy

We, therefore, measure our results against the goals of our strategy, not against the results of others. If we know the destination, we know when we have arrived. Likewise, we know when we are moving away from the destination and need to adjust our path, or if we need more time or can even slow down a gear and enjoy life a little more instead.

With this in mind, I wish my readers peace and confidence on their journey and, of course, …

… all the best!

TEV

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