Investing is more about behavior than numbers from "summary" of The Psychology of Money by Melody Jefferson,Morgan Housel
Investing is a unique domain where numbers and calculations take precedence. Many people believe that success in investing is all about being able to crunch the numbers and make accurate predictions based on data analysis. While these skills are undoubtedly important, they are not the only factors that determine success in investing. In fact, investing is more about behavior than numbers.
The decisions we make when it comes to investing are heavily influenced by our behaviors, emotions, and biases. These psychological aspects play a significant role in how we approach investments, manage risks, and react to market fluctuations. It is not just about having the right information or making the best calculations; it is about being able to control our impulses, manage our emotions, and stay disciplined in our approach.
One of the key reasons why behavior is more important than numbers in investing is that our emotions can often lead us astr...
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