Avoid making impulsive investment decisions from "summary" of The Investment Answer by Gordon Murray,Daniel C. Goldie,Gordon S. Murray
It is crucial to resist the temptation of making impulsive investment decisions. When emotions are running high, the urge to act quickly can be overwhelming. However, acting on these impulses can lead to costly mistakes. Impulsive decisions are often driven by fear or greed, which can cloud judgment and cause individuals to deviate from their long-term investment goals. It is important to remember that investing is a marathon, not a sprint. Reacting impulsively to short-term market fluctuations can derail a well-thought-out investment strategy. ...
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