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Morgan Housel highlights some unfortunate investing traits. Failure to recognize and be aware of them would be a mistake.
Ever heard of infinite banking or the 'be your own banker' strategy? You better bring your own bottle of pain reliever for this one.
It's pure speculation on display.
It really is funny because it’s true, but more funny if you’re aware enough to avoid this mental trap that’s much too easy to fall into.
We can make risks smaller, but the cost is that we will increase other risks.
Throw horseshoes and hand grenades because close counts when investing opportunistically.