3 Ideas From Tony Robbins to Improve Your Investment-Strategy
Tips for long term stock market success
Tony Robbins has made a name for himself.
As an author and NLP trainer, he has even advised people like Bill Clinton Mike Tyson. In his career, he has expanded his topics — in the meantime, he has also written books on the subject of money.
For example, the book Money — Master the Game.
Here are 3 ideas for your investing strategy from Robbin's book.
Do not trust your instinct
Gut feeling or reason?
When it comes to investing, most people rely on their brains. At least that’s what they think — rational ideas and subconscious nonsense easily merge.
We are not completely logical beings. When investing money, especially in the stock market, we are often victims of cognitive biases.
To consider a good company to be a good share, favor companies that we personally like, and invest only in what we know, are typical mistakes.
I always find it amusing when people talk about overvalued and undervalued. Often, people consider shares that are currently at their highest point to be a bad investment. They have become victims of the anchor…
