Envy, greed, herding, fear, and overconfidence are identified as the demons of investing. Envy is difficult to control in the age of social media, where others seem to be getting richer faster. Greed leads to the desire for more and can cloud long-term investment goals. Herding, or blindly following the crowd, can lead to disaster. Fear is not the problem, but how investors respond to it is crucial. Overconfidence can lead to risky trading decisions. It is important to manage these emotions effectively to make better investment choices.