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RE: Finance and Emotions

in LeoFinance3 years ago

I completely agree.There is no school that can help you control your emotions in investing because you are in a protected bubble. Learning to master panic during falls or, conversely, curbing FOMO, are skills you can only learn in the field and you will never be ready for every eventuality. I also read a similar book, I don't know if it's the same author, but it doesn't tell you that many rich people are rich because they found the right people to make their first money. In order to invest you have to have an adequate income or assets, otherwise it's a gamble, and like all gambles it's a bit of skill and a bit of luck.

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If it is a project that requires a team, this team must be good, otherwise, it is something that will lead to failure.
If we are going to work individually, perhaps a good mentor will help, but what is very true is that we must consciously work on ourselves.
You mention luck, and I think that, even if you train a lot, the luck factor can be present at some point. Thank you for your valuable comment

I agree with you completely, but I would add that the network, the contacts, outside your team (private investors, business angels, etc.) are also very important, unless you already have a lot of money... Good point of reflection.