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The Influence of Gender and Confidence in Investing
When it comes to investing, there's always a chance of being wrong. But instead of thinking of it as luck, it's more about how you're feeling in the moment. This idea applies to both men and women, but men tend to be more overconfident. They get caught up in bullish enthusiasm and make risky bets. They often need someone to intervene and stop them from making bad decisions. In the end, it's usually men who suffer the consequences. It's important to be aware of this mindset and make sure it doesn't cloud our judgment.