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Control your emotions when investing from "summary" of The Four Pillars of Investing: Lessons for Building a Winning Portfolio by William J. Bernstein
One of the most challenging aspects of investing is controlling your emotions. Investing can be an emotional rollercoaster, with highs and lows that can cause investors to make irrational decisions. When the market is soaring, it's easy to get caught up in the excitement and overlook the risks. Conversely, when the market is plummeting, fear and panic can set in, leading to a rush to sell. Emotions such as greed and fear can cloud your judgment and lead to poor investment choices. It's crucial to maintain a level head and stick to your long-term investment strategy, even when the market seems to be in turmoil. By controlling your emotions, you can avoid making impulsive decisions that could harm your portfolio in the lo...
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