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Mark of a true investor: He disregards instincts

The stock market works very differently than the natural world. When an animal is spooked, its first reaction is to freeze. Naturalists say that freezing helps animals escape the attention of predators, which hunt by sensing movement. Try that trick in the stock market – freezing when you should be taking action – and you’ll either be knocked silly by the bears or left behind by the bulls. Instincts are counter-productive We do not believe in the “rely on your gut” principle, propagated on...

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