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Understanding Your Investing Behavior, with Tom Gardner and Morgan Housel
Motley Fool Money
How Can You Persuade a Newcomer to the Stock Market?
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i want you to speak to that new investor who's seeking short term validation. They're looking at their stock investments like they look at their favorite sport teams and the games that are being played. And i'm going to ask you to do your best to persuade them, maybe not to turn that off but to put that in its proper context. If you want a big reward, if you want a lot of success, you have to deserve it. You have to earn it. That's true for everything in life, including the sports team,. The other thing i would say is that most things in life have a short payback period. In the stock market, i sometimes it doesn't work
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