Mastering Rational Investing: The Importance of Research Over Price Watching

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Episode 3139:

Vitaliy Katsenelson argues that obsessively monitoring your portfolio can lead to emotional decision-making and worse investment outcomes. Instead, he urges investors to zoom out, think long term, and treat investing more like watching paint dry, boring, but ultimately rewarding.

Read along with the original article(s) here: https://contrarianedge.com/want-to-be-a-better-investor-stop-staring-at-your-portfolio/

Quotes to ponder:

"Most of the mistakes I’ve made as an investor happened when I got too close to the action."

"Stocks are not pieces of paper that wiggle up and down on a computer screen. They are partial ownerships of businesses."

"Watching your portfolio too closely is like watching paint dry, it makes time slow down and tempts you to act when you shouldn’t."

Episode references:

Fooled by Randomness: https://www.amazon.com/Fooled-Randomness-Hidden-Chance-Markets/dp/0812975219

Meditations: https://www.amazon.com/Meditations-New-Translation-Marcus-Aurelius/dp/0812968255

The Intelligent Investor: https://www.amazon.com/Intelligent-Investor-Definitive-Value-Investing/dp/0060555661

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