This is Where Dragons Lurk

Bad things happen in bad markets. You’re probably thinking, “thanks captain obvious.” I know, but it’s worth spending a minute on how and why this happens.
The investor’s mentality over the past decade can be summed up in three words: buy the dip. This behavior was rewarded innumerable times, so this was ingrained in our psychology. Buy dip, make money. It takes a while to unlearn this behavi…

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