We Study Billionaires - The Investor’s Podcast Network

TIP 012 : Psychology and Stock Investing (Investing Podcast)

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Dec 9, 2014
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ANECDOTE

Soros's Intuition and Conviction

  • George Soros had the strength to bet big when he had conviction and exit losing positions early.
  • He even used physical cues like back pain as intuition to make investment changes.
INSIGHT

Behavior Behind Technical Analysis

  • Support and resistance levels in technical analysis relate to investor psychology and behavior.
  • Investors hold biases like not realizing losses or wanting to buy back winning stocks, creating price barriers.
ADVICE

Invest Within Your Circle

  • Invest only in businesses or industries you understand well to leverage your intuition.
  • Rely on pattern recognition based on your experience rather than trying to grasp everything.
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