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Control your emotions when investing from "summary" of The Intelligent Investor by Benjamin Graham
Investing can be an emotional rollercoaster, with the highs of making profits and the lows of suffering losses. However, successful investors understand that emotions have no place when it comes to making sound investment decisions. It is crucial to keep a level head and not let fear or greed dictate your actions in the market. One common mistake that investors make is letting their emotions drive their investment decisions. When the market is booming, they may become overconfident and make risky investments without thoroughly analyzing the risks involved. Conversely, when the market is down, they may panic and sell their investments at a loss, fearing further declines. To avoid falling into this trap, it is essential to have a clear investment strategy and stick to it no matter the market conditions. By setting specific goals and following a disciplined approach, you can avoid making impulsive decisions ...
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