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SI49: Morgan Housel's universal laws of investing and the importance of investor behaviour

Top Traders Unplugged

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How Much You Can Do With the Right Set of of Rules

I think having mental rs and experiencing trading though people hoa've gone through it is very important. I wasn't just given these rules, but i live those rules with people who were experienced and very knowledgeable. You do not ever want to suffer a forty eight % drawt out one day, or over many months, like the s an p had. It's irresponsible. It's not right. Everything inside your being is telling you. This does not feel right. But, but we're told, through this religious experience, almost, that don't be weak. The only thing that works is own thset in a passive way. And so with the tren followers, we come in

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