Morgan: Which of these two populations would you bet on? The one that got a 25 % return in their first year, or the one that got five %. Morgan: I think there are people who will earn a 25%. And then in the next year, maybe they lose money,. Maybe it goes up 5%. That can lead to a really regrettable outcome.morgan: You should make a poster of that in the montleyfoll offices and quotei seneca.
Most investors are not as smart as they thought they were a year ago. Fortunately, they're also not as dumb as they feel today. Morgan Housel, author of the international best-selling book “The Psychology of Money” joins Motley Fool co-founder Tom Gardner on to discuss investing behavior and why it is the most fundamental piece of your investing success. They also talk about how you can think about your cash position and how to mentally prepare for down markets.
For a free copy of our investing “Starter Kit,” visit http://fool.com/starterkit and we’ll email it to you.
Stocks: NFLX, SHOP
Host: Tom Gardner Guest: Morgan Housel Producer: Ricky Mulvey Engineers: Rick Engdahl, Dan Boyd
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