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Human cognition can be messy. Each of us carries a collection of cognitive biases, irrational beliefs, and behavioral quirks.
Long-term investing usually works best for those who choose a simple, reliable strategy and stick to it regardless of what’s popular today.
The only cure to keeping up with the Joneses is often to create distance from them. Surround yourself with people that share similar money values to you.
The scarcity mindset drives people to continually buy more things, fill more spaces, and generally expand their lifestyle.
Making decisions doesn’t always come naturally to us. Ultimately, it’s best to remember that none of us is perfect and keep doing our best to work with the mindset and knowledge we have.
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