Why Morgan Housel says ‘99% of good investing is doing nothing’
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Doing nothing may not sound like a successful investment strategy. However, it has been proven time and time again that less is more when it comes to learning how to invest and building a stock portfolio.
Our minds often equate action with success. That is true in many fields of life – the harder we work and the more we do, the better our results tend to be.
However, it is usually not the best course of action when it comes to investing.
The stock market is a place where something is always happening. Shares move as a consequence of almost every piece of news, whether it has a direct impact on a company’s fortunes or not. That can be the election of a new leader, a change in interest rates, a geopolitical…
