5min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP547: The Truth About Stock Market Forecasts

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Importance of Continuity of Compounding

Don't fix it on past prices. If the thesis isn't broken and the price is still compelling, continue adding more shares. Remember that winners tend to keep on winning. Do not compare yourself to others. The only person you need to be better than today is the person you wore yesterday. Competing with others makes you bitter. Compete with yourself make you better. It's difficult to invest wisely and think rationally when we're stressed. Be sure to give yourself time to relax if needed and adhere to your checklists and processes to help ensure you're making the right decisions.

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