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#9 Erik Sprinchorn on Mistakes Were Made (But Not by Me)

Investing by the Books

CHAPTER

The Importance of Coping Strategies Around Loss Aversion

Loss aversion is the first and foremost of all biases in the investment world. A bad outcome does not necessarily equal a mistake as an investor. Risk management step one is sort of trying to avoid blunders. But you know, don't do anything outside of what you said you were going to do.

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