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SI49: Morgan Housel's universal laws of investing and the importance of investor behaviour

Top Traders Unplugged

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The Long Term Trends Are Not Affected by Trent Followers

Erris: I think that we astrant followers are not large enough relative to other market participants to have a meaningful influence on the longer term trends. He says trent following strategies, which cand o like work in the same way as crowding around a specific int or exit point will make price behavior more erratic. Morris also thinks there is some kind of misunderstanding that the more trend follows and the bigger the investors who follow it.

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