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Longterm thinking is essential for financial success from "summary" of A psicologia financeira by Morgan Housel
It's easy to get caught up in the short-term noise of the financial markets. The constant fluctuations, the daily headlines, the fear of missing out on the latest hot stock tip - all of these can distract us from what really matters in building long-term wealth. But the truth is, successful investing is not about chasing the next big thing or trying to time the market perfectly. It's about having a clear plan and sticking to it through thick and thin. When we take a step back and look at the big picture, we can see that the most successful investors are those who think long-term. They understand that markets will always have ups and downs, but that over the long run, they tend to trend upwards. By focusing on the long-term trends and staying disciplined in their investment approach, these investors are able to ride out th...
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