Excited people chase.


Excited people overtrade.
Excited people buy tops.
Excited people sell bottoms.
Excited people use too much size.
Excited people force trades because sitting in cash feels lame.
The boring person buys great assets.
Waits for good prices.
Manages risk.
Does nothing when nothing needs to be done.
Lets time work.
That sounds boring until you realize boring will likely beat 95%+ of other investors in the long term...
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