Q: What is ADT?
Hallowell: It’s sort of like the normal version of attention deficit disorder. But it’s a condition induced by modern life, in which you’ve become so busy attending to so many inputs and outputs that you become increasingly distracted, irritable, impulsive, restless and, over the long term, underachieving. In other words, it costs you efficiency because you’re doing so much or trying to do so much, it’s as if you’re juggling one more ball than you possibly can.

Everybody’s running around, looking at their Bloomberg, looking at the latest quotes, answering everything. They’re pouncing on every bit of stimulation as if it’s going to make a big difference. And they have no strategy, or their strategy changes every day.

They’re all running around, working their tails off. But they’re really at the whim of the market. They think they’re working hard, and they think they’re being productive, but they’re not. They’re busy, but they’re not thoughtful.

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