Episode notes
In this episode, A.B. Ridgeway dives deep into the pivotal concept of control in investing. Whether you're new to the world of finance or a seasoned investor, understanding how to master control can transform your investment strategy.
Key Takeaways
- Control What You Can, Let Go of What You Can’t
- Effective investing starts with recognizing the difference between factors you can control—like your investment choices and risk tolerance—and those you can’t, such as market fluctuations and political events. Focus your energy on what you can influence and avoid letting uncontrollable factors dictate your financial decisions.
- Beware of Control Bias
- Control bias can lead investors to overestimate their ability to influence outcomes. This often manifests in behaviors like ob ...
Keywords
how to control the marketsunderstanding investment riskssystematic riskidiosyncratic riskcontrolling your emotions when making financial decisionslearn to control what you can control in the marketStock Riskmarket risk