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Emotions should be kept in check when making investment decisions from "summary" of Security Analysis: Sixth Edition, Foreword by Warren Buffett by Benjamin Graham,David Dodd
The importance of maintaining emotional control when making investment decisions cannot be overstated. Emotions such as fear, greed, and panic can cloud judgment and lead to poor decision-making. Benjamin Graham and David Dodd stress the need for rationality and objectivity in the process of analyzing securities and choosing investments. Investors must resist the temptation to give in to their emotions and instead focus on the fundamental factors that drive the value of a security. By keeping emotions in check, investors can avoid making impulsive decisions based on short-term fluctuations in the market. Graham and Dodd advocate for a disciplined approach to investing that is based on thorough research and analysi...
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