What Makes Us Feel Pain In Investing?
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Why do we feel pain in investing? Is it good or bad? And how can we cope?
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5 Important Things To Do Before the Market Bubble Bursts
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Yes, you are living through a bubble in the financial markets. No, this is not an article about how to time the market. No, you don’t know when the bubble will burst (and neither do I). Yes, there are still things that you can do that will set you up for investing success.
Read MoreInvesting Insights from the 2021 World Chess Championship
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The 2021 World Chess Championship was expected to be a hard-fought battle. The challenger, Ian Nepomniachtchi (affectionately known as Nepo in the chess world) from Russia, was taking on the reigning world champion, Magnus Carlsen, from Norway. While Carlsen is the number one ranked chess player in the world, Nepo, ranked number five, is not far behind. Commentators were predicting a close match, with some forecasting that Nepo’s attacking style was the right prescription to de-throne the reigning world champion.
Read MoreHow to Invest for the Long-Term in a Turbulent Market
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Long-term investing doesn’t happen by accident. You need to be prepared. There are three things that can allow you to use market volatility to your advantage: the right structure, a long-term investment process and a behavioral checklist to allow you to remain rational when everyone else is being anything but.
Read MoreCircle of Competence
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Warren Buffett wrote in his 1996 letter to Berkshire Hathaway shareholders: “You don’t have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.”
Read MoreThe “Mental Game” in Investing
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At the 2017 Berkshire Hathaway Annual Meeting, Charlie Munger, Warren Buffett’s partner, said: “A lot of other people are trying to be brilliant and we are just trying to stay rational. And it’s a big advantage.” It’s a simple, but crucial insight – a lot of the edge in investing can be traced to the ability to stay rational and execute your approach at moments of highest pressure and uncertainty. So what is the “mental game” in investing, and how do you make sure that yours helps your investing results?
Read MoreBehavioral Defense in Decision Making
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Behavioral biases affect decisions more often than one might think. Behavioral defense involves making sure you are aware of any such biases affecting your thinking and correcting for them whenever possible. This article will focus on helping you make better decisions through the use of behavioral defense.
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