Many investors get to learn that much of what they do is wrong. Example: That in-and-out timing the market works less than 5% of the time. That discipline is important, though they’re usually impulsive investors. That constant securities trading can be costly, and so on.
But they do it out of habit, or whatever drives them along these psychological debacle-resulting paths. (See the Earl J. Weinreb NewsHole® comments.)
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