1427: The Market Herd Is Human Nature by Chris Reining on Buying on the Dip & Long-Term Investing Strategy

Optimal Finance Daily - Financial Independence and Money Advice

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Education, Self-improvement, Investing, Business

4.4 • 1.3K Ratings

🗓️ 4 February 2021

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Chris Reining talks about how the market herd is human nature. Episode 1427: The Market Herd Is Human Nature by Chris Reining on Buying on the Dip & Long-Term Investing Strategy Chris Reining is an investor, writer, and avid student of life. He shares how to build wealth and reach financial freedom on his website ChrisReining.com. The original post is located here: https://chrisreining.com/herd/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group Join the Ol' Family to get your Free Gifts and join our online community: OLDPodcast.com/group Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, episode 1427.
0:03.9	The market heard is human nature by Chris Rining of ChrisRining.com.
0:09.2	And I'm your host and personal finance enthusiast, Diana Mariam.
0:13.5	This is the show where I read to you and to myself, frankly,
0:17.0	from some of the best personal finance blogs on the planet, every single day.
0:21.8	We're surrounded by messages of how difficult it can be to make ends meet and build wealth.
0:27.3	So thank you for spending this time with me where we can empower ourselves to take control
0:31.9	of our financial health. And for more content being narrated to you for free,
0:36.9	covering personal development, minimalism, and more, check out our other show Optimal Living Daily
0:42.5	wherever you get your podcasts. But since you're here, let's get right to today's post and start
0:47.6	optimizing your life. The market heard is human nature. By Chris Rining of
0:57.2	ChrisRining.com. A scorpion asks a frog to carry it across a river.
1:03.8	The frog hesitates, afraid of being stung. But the scorpion argues that if it did so,
1:08.8	they would both drown. Considering this, the frog agrees.
1:12.9	But midway across the river, the scorpion does indeed sting the frog,
1:18.1	dooming them both. While drowning, the frog cries, but why?
1:24.1	Replies the scorpion? It's in my nature. Just like the scorpion, it's in our nature to do
1:30.5	what humans do. For one, we obsess about low probability events and take risks on the high
1:36.8	probability ones. Like being terrified to fly on an airplane, but not wearing a seatbelt when
1:42.0	driving a car. Getting out of the stock market when it falls and getting back in when it rises.
1:47.8	Most people might not know it at the time, but that strategy, selling low and buying high,
1:52.7	isn't the best way to invest and make money. Making matters worse, the financial news media
	...

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