Be mindful of the psychological aspect of investing from "summary" of John Bogle on Investing by John C. Bogle
Investing can be a tumultuous journey, one that is often influenced by our emotions and psychological biases. It is imperative to recognize the impact that our feelings can have on our investment decisions. Greed and fear are two powerful emotions that can cloud our judgment and lead us astray. When the market is booming, greed may tempt us to take on excessive risks in pursuit of higher returns. Conversely, fear can cause us to panic and sell our investments at the slightest hint of trouble. Understanding our own psychological tendencies is crucial in navigating the ups and downs of the market. By being mindful of our emotions, we can strive to make rational, informed decisions that a...Similar Posts
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