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Make decisions based on evidence, not speculation from "summary" of The Four Pillars of Investing: Lessons for Building a Winning Portfolio by William J. Bernstein
When faced with decisions about our investments, it is essential to rely on evidence rather than speculation. This means making choices based on proven data and facts, rather than on hunches or guesses about what might happen in the future. By taking this approach, we can increase our chances of success and avoid common pitfalls that come with relying on unreliable information. Speculation involves making decisions without concrete evidence to support them. This can be dangerous when it comes to investing, as the markets are inherently unpredictable and subject to a wide range of variables. By using evidence-based strategies, we can make more informed decisions that are grounded in reality rather than...
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