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Stay patient during market downturns from "summary" of The Smartest Investment Book You'll Ever Read by Daniel R. Solin
The market has a knack for surprising even the most seasoned investors. It can soar to great heights one moment, only to plummet dramatically the next. When faced with a market downturn, it's crucial to remember that these fluctuations are a normal part of investing. During times of uncertainty, it can be tempting to panic and make impulsive decisions. However, reacting emotionally to market downturns can often do more harm than good. Selling off your investments in a panic may lead to losses that could have been avoided by staying patient. History has shown that markets have always bounced back from downturns. By staying patient and resisting the urge to f...
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