7min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP580: Clear Thinking w/ Shane Parrish

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Ego Default and Inertia Default in Investing

This chapter explores the concepts of ego default and inertia default in investing, discussing how they can lead to holding onto stocks out of fear of regret or admitting wrong. Strategies to avoid these defaults are suggested, including self-awareness, creating rules, and implementing fail-safes.

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