MI Rewind: The Psychology of Money & Behavioral Finance w/ Daniel Crosby
The Intrinsic Value Podcast - The Investor’s Podcast Network
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Automate Everything in Your Financial Life
The best thing you can do going back to that second E of environment, from a behavioral perspective, is automate everything in your financial life. Automate how much money gets taken out of your check every two weeks. Automate the way you select your securities and sort of the asset classes you choose to invest in again and again and again. We find that about 94% of the time automation beats discretion. And so I haven't read his book yet, but I'm really looking forward to diving into it.
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