LOK 📖

    We Should Think Reasonably Rather Than Rationally On Finances

    Not every investor can be consistently cold and calculating.

    • Human emotional limitations make it much better to be only reasonable
      • It takes into account your limitations

    Being reasonable causes you to make financially sensible decisions that you can carry out over the long run

    • You can't keep losing 100% consistently in a company you don't like.
      • It demotivates you and makes you abandon the strategy

    *LOK: 4. Management
    RL: Psychology of money
    IDEAS: *Personal finance