How to manage investment losses, improve your skills when investing
In his book “The Psychology of Money,” Morgan Housel dedicates a chapter to wealth, greed, and happiness. He emphasises that our behaviour during both good and bad times, especially the bad, plays a significant role in how well we manage money. Housel explains that pessimism has become the norm, which is why losses tend to be remembered more than gains. He further states that success, loss, and volatility are all part of the journey towards long-term growth.
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