Morgan Housel on Inflation, Incentives, and Investing through Bear Markets
Motley Fool Money
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Navigating Market Downturns
This chapter explores the psychological hurdles investors face during market downturns, particularly the urge to act despite the benefits of inaction. It highlights the juxtaposition of skill versus luck in investing, emphasizing that true skill emerges from navigating economic challenges. Additionally, the chapter addresses the risks faced by new investors, particularly younger ones, who may adopt reckless trading behaviors, influenced by technology and misconceptions about the nature of investing.
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