“Another mistake that people often make is that they compare - TopicsExpress

“Another mistake that people often make is that they compare themselves with others who are making more money than they are and conclude that they should emulate the others actions… after they’ve worked. This is the source of the herd behavior that so often gets them into trouble. We’re all humans and so we’re subject to these influences, but we mustn’t succumb. This is why the best investors are quite cold-blooded in their professional activities.” - Howard Marks, interviewed by Hugo-Scott Gall

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