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How to Optimize for Happiness as an Investor
I think most of the time, even as value investors, we optimize for returns, highest returns. I also practice high quality company investing and business investing because it's a great idea to optimize for happiness. Happiness in terms of having a process of identifying high quality companies or partnering with the right kind of people. The worst things that someone who's just starting out in terms of money management can do is avoid doing these biases.