DAILY WALL STREET WISDOM · #022
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“The world is not driven by greed. It's driven by envy.”
🇺🇸Charlie Munger
Vice Chairman, Berkshire Hathaway
WHAT IT MEANS
Envy of others' returns causes investors to chase performance, take excessive risks, and abandon their strategies. Comparing your portfolio to others is one of the most destructive habits in investing.
mindset