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MI197: Stock Market Bubbles & Crashes w/ Scott Nations
Millennial Investing - The Investor’s Podcast Network
You Can Just Rap It All Together, Part 4
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The fourth and final chapter in your book, you cover, you know, you can just rap it altogether. You take all the biases and lessons you learned from these three crashes and bring it all together. Anchoring is this tendency to give too much weight to what is effectively a random number. Investors could be harvesting tax losses. If you're trading, investing an a taxable accounte sell a law at a loss on t Tuesday and then buy it back on wed Wednesday. That's wash sale! But there are smart things you can do. And so many people clay refuse to do that because of this anchoring thing.
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