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Control your emotions when making investment decisions from "summary" of The Intelligent Investor, Rev. Ed by Benjamin Graham
One of the key principles for successful investing is the ability to remain detached and rational when making decisions. This means not letting your emotions cloud your judgment or influence your choices. When the market is volatile or when you see others making quick profits, it can be tempting to follow suit and make impulsive decisions. However, it is crucial to remember that investing is a long-term game, and emotional reactions can lead to costly mistakes. For example, when stock prices are plummeting, fear and panic may set in, causing investors to sell their holdings in a rush to avoid further losses. This knee-jerk reaction often results in selling low, only to see prices rebound shortly after. On the flip side, when the market is booming, greed can take over, leading investors to chase after hot stocks or specula...
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