2899: Know Thy Investing Self by Nick Maggiulli of Of Dollars and Data on Long-Term Investment Success
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.\nEpisode 2899:\nUnderstanding your behavioral tendencies is essential for long-term investing success, according to Nick Maggiulli. His personal story of investing in gold highlights the importance of knowing how you'll react to volatile assets. While many focus on optimizing portfolios, the key to sustained returns lies in understanding your emotional responses and making decisions aligned with your true investing self.\nRead along with the original article(s) here: https://ofdollarsanddata.com/know-thy-investing-self/\nQuotes to ponder:\n"The first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer."\n"Investing is primarily a behavioral exercise, not an analytical one."\n"The full flavor of losing money cannot be conveyed by literature."\nEpisode references:\nThe Money Game by Adam Smith: https://www.amazon.com/dp/0394721039\nLearn more about your ad choices. Visit megaphone.fm/adchoices