Stay humble and openminded in your investment decisions from "summary" of Common Stocks and Uncommon Profits by Philip A. Fisher
The ability to stay humble and open-minded in one's investment decisions is crucial for long-term success in the stock market. It is easy to fall into the trap of overconfidence or stubbornness when it comes to investing, but these traits can lead to costly mistakes. By remaining humble, investors are more likely to acknowledge their limitations and seek out advice from others who may have valuable insights. Open-mindedness is equally important, as it allows investors to consider new information and adapt their strategies accordingly. The market is constantly evolving, and what may have worked in the past may not necessarily be the best approach moving forward. By keeping an open mind, investors can stay ahead of trends and make informed decisions based on the latest information available. Being...
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