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4min chapter
TIP447: How to Build a Human Bias Defense System w/ Gary Mishuris
We Study Billionaires - The Investor’s Podcast Network
The Scarcity Bias
buffet: Scarcity is proven to create value in some instances, like real estate comes to mind. He says the markets have decided that just because something is scarce, it means it's inherently valuable. "For something that to be valuable, it should be scarce somewhat, but also very useful," he adds.
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