Defeat the enemy within when you're investing
Comment: We can be our own worst enemies when it comes to investing, but understanding our emotions can help when devising an investment strategy.
“No battle plan ever survives contact with the enemy.”
– Helmuth von Moltke
This famous quote from the 19th-century German field marshal and military thinker, clearly refers to military strategy, but I think it can equally be applied to investment strategy. The investment world is filled with obvious dangers, all of which are discussed ad nauseam in both the mainstream media and in casual conversations:
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