But you would still have to exercise discipline to
avoid fear and greed — and thus my three example rules above.
Not exact matches
For example, the clergy has made centuries long attempts at
avoiding, hiding
and subsidizing pedos, either out of
greed,
fear or complicity.
Obviously, we would all prefer to
avoid the stress of constantly vacillating between
greed and fear, but beyond that, a less emotional decision process clearly makes you a better investor.
But the best of us do
avoid greed and fear,
and so protect investors from their worst instincts — selling low,
and buying high.
And painful self - awareness & examination offer the best hope of
avoiding the potentially devastating impact of
fear &
greed on your portfolio.
The key to managing
fear and greed is to
avoid bubbles
and the inevitable bust.