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Nick Murray: ‘The Investor Is Hardwired to Be His Own Worst Enemy’

The Long View

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Navigating Market Cycles

This chapter explores the recurring patterns of market downturns and the catalysts that trigger them, underscoring the importance of recovery. It highlights the psychological challenges investors face, particularly the belief that each downturn is unique, and advocates for long-term strategies over reactionary responses. Through historical examples, it emphasizes the necessity for financial advisors to help clients maintain focus on their goals despite market volatility.

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