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"The fact that your brain becomes more risk seeking in bull markets and more conservative in bear markets means that you are neurologically predisposed to violate the first rule of investing, 'buy low and sell high.' Our flawed brain leads us to subjectively experience low levels of risk when risk is actually quite high, a concept that Howard Marks refers to as the 'perversity of risk.'" |
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Daniel Crosby
Author
Brigham Young University, PhD Psychology
Brigham Young University, BS Psychology
The Soul of Wealth
Everyone You Love Will Die
You're Not That Great
The Behavioral Investor
The Laws of Wealth
Personal Benchmark
Daniel on X
Also see:
Trend Following Masters II, Michael Covel
Daniel Crosby interview, #1
Daniel Crosby interview, #2 |
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