If you were coaching somebody in their investing life, or if you were advising an entire population of investors, who do you think has a better chance of succeeding for the rest of their life as an investor? Both have challenges, but which would you prefer? And why? See my knee jerk. Was going to say group two. The people who have inflated expectations, but can remain in the game are probably going to do better than the people who never play the game to begin with.
Most investors are not as smart as they thought they were a year ago. Fortunately, they're also not as dumb as they feel today. Morgan Housel, author of the international best-selling book “The Psychology of Money” joins Motley Fool co-founder Tom Gardner on to discuss investing behavior and why it is the most fundamental piece of your investing success. They also talk about how you can think about your cash position and how to mentally prepare for down markets.
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Stocks: NFLX, SHOP
Host: Tom Gardner Guest: Morgan Housel Producer: Ricky Mulvey Engineers: Rick Engdahl, Dan Boyd
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