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Episode 258: Prof. Meir Statman: Financial Decisions for Normal People

The Rational Reminder Podcast

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The Importance of Regret Diversification

regret is called a cognitive emotion because you contemplated ahead of time. By dividing that money into say 10 chunks of 10 000 each and investing each on a schedule in the middle of a month over 10 months you lessen that pain of regret. Sometimes the price will be lower or higher it's kind of like a diversification principle but in this case it is really designed to minimize your regret.

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