#77 Emily Balcetis | How to Become Persistent by Tapping Into the Power of Perception
Money Minded
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The Importance of Controlling the Frame
A common misstep that people make if they're early into investing is that take a really narrow look at what their portfolio is and react to micro fluctuations rather than looking at trends over the last six months or the last year. People have a fear of failure, how we think about failure, what counts as a failure that makes us not even want to engage in that concept. We could continue to beat down the same door and not be able to move forward. The door doesn't open for us, but we just keep going back there when probably we need to change course. You may not need to keep doing this to pull out of it; you can go a different way.
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