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Brian Feroldi: 'The Biggest Edge That Individual Investors Have'

The Long View

CHAPTER

Avoiding Investing Pitfalls in the Current Market

This chapter delves into the emotional aspects of investing and the need to steer clear of FOMO by creating investing rules and a solid investor policy statement. It highlights the impact of external factors like market volatility and political events while emphasizing the advantages that individual investors possess, such as longer time horizons and industry expertise. The chapter discusses insights inspired by Warren Buffett and Charlie Munger, stressing the importance of fundamentals, mental models, and avoiding common human misjudgments in investment decisions.

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