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#5: Tom McClellan on Engineering Effective Stock Market Models

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Importance of Learning From Others' Mistakes

The biggest mistake that investors make is panicking out with everybody else. We've seen this before with tulips and text stocks and oil prices back in 2008. It's a fundamental human condition that everybody wants to play the hot thing. The panic buying in Bitcoin lately has been pretty phenomenal to watch up 10, 12% a day.

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