Reported 3 days ago
The article discusses Barry Ritholtz's insights on overcoming psychological barriers in investing, as highlighted in his book 'How Not To Invest.' He suggests creating a 'mad-money account' to manage risky behaviors while protecting long-term investments. This approach allows traders to engage in speculative behavior without jeopardizing their primary portfolio, emphasizing the importance of understanding one's impulses in investment decision-making. Ultimately, the article advocates for a balanced investment strategy, recognizing the need for discipline amidst the desire for excitement.
Source: YAHOO