Enrique Abeyta on investing and skepticism

I spend a lot of time on human psychology.  Negative feedback has eight times the impact on us psychologically and chemically.  And so you always sound a lot smarter if you come out and pull ideas apart...  So me sitting here and telling you why something will work never is going to sound as smart as me pulling an idea apart and telling you why it won't work.  But the fact is, when we're investing, to make money we need to buy things that work.  It is important to avoid the things that don't work, but if you just avoid things that don't work, but don't find the ones that do work, what was the point?

~ Enrique Abeyta, interview with Dan Ferris, Stansberry Investor Hour, 41:45 mark, June 12, 2023