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The Timeless Nature of Human Behavior and Investing
This chapter delves into the timeless nature of human behavior and how it influences investing decisions. It explores the tendency to buy what we wish we had bought and sell what we're about to need, supported by J.P. Morgan's 20-year data. It also highlights the value bias in investing and the importance of looking at long-term track records rather than chasing short-term performance, with the exception of venture capital.