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#16 Robert Hagstrom: Investing - The Last Liberal Art

Investing by the Books

CHAPTER

How Do You Know if You're Overdosing?

If you're constantly looking at all your price changes and and they go down, it has more of an adverescent impact on your psychological outlook. The negative impacts of looking at it each day are far more onerous then the negative impacts of looked at it once a month. I think we're all fooled into looking into what's happening on the market instead of doing some fundamental work. We sometimes hear that just because humans have ses, the stock market is, per definition, irrational. But i'm going back to tversky and contement again, if something goes down, is twice as painful for a unit of loss as the pleasure of a unit of gain.

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