Feb

9

The posts on pain & gain got me thinking about whether such things are culturally dependent, and whether this then extends to the ways different markets behave. For example the S&P has traditional had a cyclical nature which seems to mirror the concept of pain resulting in gain.

These patterns certainly aren't universal, for example the Nikkei behaves quite differently. This would seem to reflect a different attitude to suffering whereby forbearance is more highly valued.

So I wonder if it's possible to classify different cultures according to their attitudes to pain and see if greater forbearance manifests itself in longer moves in a particular direction. And would such behaviour change over time, for example if a particular nation goes through good or bad times.


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