Enjoyment bias - Deepstash

Enjoyment bias

The enjoyment bias states that an inefficient investing strategy that you enjoy will beat an efficient one that feels like work.

The key to a lot of things in finance is maintaining endurance when there is a downturn. Loving the companies you buy or your strategies is a bias because it doesn't align with cold, rational thinking. But that emotional attachment to your investments keeps you playing during hard times.

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The biggest problem in life isn`t the problem itself, but how people act upon it.

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