Why You Should NOT Only Focus On Success Stories 1

Cognitive biases can negatively affect our decision making, especially when it comes to trading and investing

Humans like to celebrate success, especially lionizing those who have managed to accrue vast amounts of wealth.

In turn, we seek to emulate the habits and strategies of these successful individuals, hoping that what worked for them might also make us fabulously wealthy.

Unfortunately, this approach does not work all that well.

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