This reminds me of a piece of advice I’ve read—before making an investment, ask yourself whether you’d make the investment if the only person you could tell about it is your accountant. In other words, suppress the desire for bragging rights.
If the desire to make an unlikely win is common among investors, then too much money will be put into risky investments.
This reminds me of a piece of advice I’ve read—before making an investment, ask yourself whether you’d make the investment if the only person you could tell about it is your accountant. In other words, suppress the desire for bragging rights.
If the desire to make an unlikely win is common among investors, then too much money will be put into risky investments.