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Keep emotions out of investing from "summary" of The Only Investment Guide You'll Ever Need, Revised Edition by Andrew Tobias
Investing can be an emotional rollercoaster. When the market is up, you feel like a financial genius. When it's down, you're convinced you've made a terrible mistake. But successful investing requires a level head and a steady hand. Emotions can cloud your judgment and lead to impulsive decisions that may harm your financial future. It's important to remember that investing is a long-term game. Short-term fluctuations in the market are inevitable, but they shouldn't dictate your investment strategy. Instead of reacting emotionally to every up and down, focus on your long-term goals and stick to your investment plan. This will help you avoid knee-jerk reactions th...
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