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Keep emotions in check from "summary" of A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Twelfth Edition) by Burton G. Malkiel
One of the most important principles to remember when it comes to investing is the need to control your emotions. Emotions can often lead investors to make hasty, irrational decisions that can have a negative impact on their portfolios. When the market is going up, it's easy to get caught up in the excitement and make impulsive decisions based on greed. Conversely, when the market is down, fear can take over and lead to panic selling. Successful investors understand the importance of keeping their emotions in check and sticking to a long-term investment strategy. They know that markets go through cycles of ups and downs, and that it's important to stay disciplined and not let short-term fluctuations dictate their actions. By maintaining a calm and rational approach, inv...Similar Posts
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