Practice Makes Profits 

One of the obstacles to my early success as an investor was me. I would try a system, second-guess myself, and then try a new system. I made decisions based on how I was feeling rather than based on a plan.

Nobel Prize research confirms we are risk-seeking when we are losing and risk-averse when we are winning, and these behavioral biases can sabotage our success. So it’s important to build good habits.

In 7 Principles of Successful Investing, we are going to talk about the good habits that successful investors practice.

Check out this short excerpt from Day 8: Practice Makes Profits.

Fight the noise,
Dr. Richard Smith