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3min chapter
The Stoic Path to Wealth
The Next Big Idea Daily
Embracing Loss: The Key to Wealth and Investment Success
This chapter explores the psychological principle of loss aversion and its effects on wealth and investment choices. It underscores the necessity of skill acquisition for income stability and shares insights from famous investors who navigated significant losses, advocating for a long-term view in investing.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode