Should you’ve been an investor lengthy sufficient, you’ve in all probability heard somebody say, “Be rational.”
It sounds easy sufficient. Simply don’t panic, don’t be grasping, don’t comply with the herd.
However as Charlie Munger confirmed us all through his life, rationality isn’t only a cool head throughout market crashes. It’s a a lot deeper self-discipline. It’s a lifelong dedication to pondering clearly, even when the world tempts you in any other case.
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