NVDA$132.65▲ 2.4%AAPL$228.40▼ 0.8%MSFT$420.72▲ 1.2%AMZN$198.65▼ 1.5%GOOGL$178.30▲ 0.6%TSLA$262.50▲ 3.2%META$582.10▲ 1.8%PLTR$38.20▲ 1.5%AMD$158.40▼ 0.9%BTC$66,699▲ 1.3%ETH$2,022▲ 2.0%SPY$562.30▼ 0.4%Delayed 15minNVDA$132.65▲ 2.4%AAPL$228.40▼ 0.8%MSFT$420.72▲ 1.2%AMZN$198.65▼ 1.5%GOOGL$178.30▲ 0.6%TSLA$262.50▲ 3.2%META$582.10▲ 1.8%PLTR$38.20▲ 1.5%AMD$158.40▼ 0.9%BTC$66,699▲ 1.3%ETH$2,022▲ 2.0%SPY$562.30▼ 0.4%Delayed 15minNVDA$132.65▲ 2.4%AAPL$228.40▼ 0.8%MSFT$420.72▲ 1.2%AMZN$198.65▼ 1.5%GOOGL$178.30▲ 0.6%TSLA$262.50▲ 3.2%META$582.10▲ 1.8%PLTR$38.20▲ 1.5%AMD$158.40▼ 0.9%BTC$66,699▲ 1.3%ETH$2,022▲ 2.0%SPY$562.30▼ 0.4%Delayed 15min
DailyMarketsReportsResearchBlogCryptoLottery
← Blog
DAILY WALL STREET WISDOM · #047
💡
“The biggest mistake investors make is to believe that what happened in the recent past is likely to persist.”
🇺🇸Ray Dalio
Founder, Bridgewater Associates
WHO SAID IT

🇺🇸 Ray Dalio

Founder, Bridgewater Associates

WHAT IT MEANS

Recency bias causes investors to extrapolate recent trends indefinitely. Markets are cyclical by nature, and what has been going up will eventually come down, and vice versa.

cycles
Share on 𝕏
← #046#048 →
MORE CYCLES WISDOM
“There is no better teacher than history in determining the f...”— Charlie Munger“Those who do not remember the past are condemned to repeat i...”— Benjamin Graham“Far more money has been lost by investors preparing for corr...”— Peter Lynch